# @vgr: case study in tokenized market design, information structure first

Source: https://farcaster.xyz/vgr/0x67746095
Kiwi News: https://news.kiwistand.com/stories/vgr-case-study-in-tokenized-market-design-information-structure-first?index=0x692b32de1d9f592dad5900a768258392fac9bdda78ab80583a285a610ca70226dcfe47ba
Submitted by misha on 2025-11-29 UTC, 2 upvotes, 0 comments

## Summary

@vgr argues that designing a properly tokenized market should begin with information structure rather than mechanisms, using a case study that solves a real problem without using crypto, though it could have. The case study's designers focused first on the information structure problem and second on mechanisms. The post contrasts this with crypto projects, which typically start with mechanisms and dismiss the problem as "application details left as a homework exercise for domain experts," even though it is the harder problem. The linked case study is a Substack piece by Matthew Yglesias, "How to actually feed America."

## Article

Another must read for crypto people. A great case study in designing a properly tokenized market solving a real problem. They didnt use crypto though they could have, but the main thing is they focused on the actual information structure design problem first, mechanisms second. Crypto people typically start with mechanism first and usually don’t even get to the problem, waving it aside as “application details left as a homework exercise for domain experts” when that’s actually the harder problem. https://open.substack.com/pub/matthewyglesias/p/how-to-actually-feed-america