CoinFund Managing Partner David Pakman has highlighted ongoing challenges in the crypto industry's tokenomics, emphasizing the difficulty in creating native tokens whose value is closely tied to the long-term success of their networks. Pakman noted that many tokens are still traded based on network narratives rather than economic performance, creating uncertainty for contributors between short-term compensation and long-term token exposure. He suggested that projects could attract talent by paying in stablecoins instead of relying on native tokens. Pakman cited his own experience with Ethereum, where holding ETH proved beneficial, but acknowledged that most projects have not delivered similar long-term returns. He referenced Ether.fi, where investors desired a governance token reflecting network value, but SEC actions hindered this linkage. Pakman expressed hope that the Clarity Act could address these issues.