Highlighting a classic misunderstanding: Protocol Revenue ≠ Token Revenue:

https://x.com/vasily_sumanov/status/2022200019374223632

Posts like quoted one create the illusion that buying a token (e.g. $LDO) gives direct exposure to protocol yield, which is simply not the case (at least in its current design).

This is exactly why we focus on Effective Revenue Multipliers to demonstrate pricing of value actually captured by the token.

The next step is even more important:
→ Revenue scoring
→ Accounting consistency
→ Future dilution
→ % of revenue captured by token holders

Not all revenue is created equal. Not all of it accrues to you.