Now governance is a neat start, but it’s best used to add some utility to the token.
If a token is used JUST for governance, interest is usually not huge.
If we add utility to it in a way that the token accrues value related to the protocol success (and tornado is already quite successful) price will raise long term which will allow to fund any improvement of the protocol easily.
here a couple ideas to get the discussion started
- require relayers to stake some TORN. That will create demand for TORN since relayers make quite a bit money and also incentivize them to behave, because they will lose their stake otherwise.
- use part of the relayers fees to buy TORN (less gas intensive) or to distribute it among TORN holders (more gas cost, but more direct incentive for people to hold TORN)