90% of what “ownership” of a non yield-bearing asset gets you is governance over the project. We’ve seen things like UNI and ENS which are governance tokens w/o

90% of what “ownership” of a non yield-bearing asset gets you is governance over the project. We’ve seen things like UNI and ENS which are governance tokens w/o any yield component, and they keep value. So it’s sort of just a game of semantics. Plenty of people are contributing to this expecting that the governance token will be worth as much as their contribution — you’re just not supposed to be super vocal about that to avoid drawing attention from the SEC.