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Alana Levin

Alana Levin

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Designing Governance Tokens

August 17th, 2022
I’ve long struggled with the notion of liquid governance tokens. My mental model for protocols is to think of them as quasi-nation states, and thus I tend to view each governance vote as akin to voting in an election. Under this framing, the idea that you can buy votes by buying liquid tokens seems absurd – buying votes in elections is illegal, so why should it be the main method of acquiring influence in web3?
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Alana Levin
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Public Goods in Crypto

May 21st, 2022
The concept of public goods in crypto is pretty popular. It’s discussed a lot with regard to layer-1s, protocol treasuries, and ecosystem growth. The term has also begun to pop up in investment announcements.
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Alana Levin
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Block-locked Tokens

March 22nd, 2022
In crypto, people talk a lot about the concept of incentive alignment.
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Alana Levin
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Dynamic Delegation

February 13th, 2022
The United States operates under a system of representative democracy. Constituents vote for Congresspeople, who in turn will vote on issues of governance. But when a citizen votes for a representative, are they voting for that rep because the rep best aligns with their individual views, or because they most align with that rep’s views?
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Blockchains are Roads, Wallets are Cars: a Crypto Mental Model

January 23rd, 2022
Transportation provides an interesting mental model for thinking about components of crypto:
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My Always Theses

December 30th, 2021
My senior year of college, a panel of VCs spoke to one of my finance classes. It was senior spring, so attention spans were at somewhat of a low. All classes were being conducted over Zoom, which also didn’t help. But in the middle of the discussion, Sarah Guo, one of the panelists, said something that struck me then and has stuck with me ever since: “understand the user that isn’t you.”
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Onboarding in Crypto with Cash vs. Culture

December 13th, 2021
I recently wrote about how web2 companies interested in crypto — companies I called “web2.5” — have the potential to control the crypto narrative for much of the world, in large part because they have orders of magnitude more users.
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10 Analogies for Understanding Concepts in web3

November 26th, 2021
These analogies are far from perfect, but I’ve found them useful in explaining crypto to my friends trying to learn about the space for the first time.
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Web2.5

November 13th, 2021
What is web2.5 and why does it matter?
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Alana Levin
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