Token Engineering & Economic Modeling

Designing tokens that don't implode. Emission schedules, vote-escrow, fee distribution, supply/demand simulation, and the failure modes of "DeFi 2.0".

4 lessons · 2 hr 15 min · expert

1. 1What a Token Has to AccrueCash flows, governance rights, network access. The mechanisms tokens actually use to capture value, and what happens when they capture nothing.35 min
2. 2Emissions, Cliffs, and VestingHow tokens enter circulation. Linear vesting, cliffs, milestone unlocks, and the supply overhang problem that has crushed every late-2024 and 2025 launch.35 min
3. 3veToken & Bribes (Curve Wars, Convex, Votium)The most consequential token design experiment in DeFi history. Vote-escrow, the Curve Wars, Convex's abstraction layer, Votium bribes, and the ve(3,3) successors on Optimism and Base.35 min
4. 4Agent-Based Simulation for Token LaunchesBefore you launch, simulate. cadCAD, TokenSPICE, Machinations, and Gauntlet's risk parameter optimization — how serious protocols stress-test their economies pre-launch.30 min

Educational only — not financial advice.