Research notes
Qualitative notes, open questions, and verification tasks
The research workflow captures both narrative reasoning and the specific evidence still needed before a token can move up the conviction ladder.
Research notes
Seeded methodology notes and case-study writeups.
Protocol fundamentals versus token fundamentals
Initial reviewThe platform treats protocol success and token-holder value capture as separate axes. Strong product metrics do not automatically justify the token.
Open question: Which sectors most often close the protocol-to-token gap durably?
Gross buybacks versus net token flow
ShortlistedGross buybacks should not be discussed without the offsetting supply side. Net token flow is one of the platform’s core differentiators.
Open question: Which projects most improved net flow after cutting incentives?
Conflict-of-interest analysis for BORG
Verification requiredThe source presentation promoted SwissBorg while the speaker had an economic incentive for BORG adoption and appreciation. Every financial claim needs independent confirmation.
Open question: How much of the claimed buyback activity is completed, observable, and recurring?
Verification tasks
Operational queue for analysts.
| Task | Assignee | Priority | Due date | Status |
|---|---|---|---|---|
| Verify Hyperliquid completed buyback cadence | Analyst | high | 2026-08-02 | open |
| Import Jupiter unlock schedule | Analyst | high | 2026-08-03 | open |
| Test BORG liquidity at multiple ticket sizes | Analyst | critical | 2026-08-05 | open |
| Collect first-pass metrics for SOL, ETH, BTC, AVAX, BNB, ADA, XRP | Analyst | high | 2026-08-10 | in-progress |