# ATOM Tokenomics Research Kickoff **URL:** \ **Category:** Research Workstream\ **Created:** [November 25, 2025, 5:52pm UTC](https://forum.cosmos.network/t/atom-tokenomics-research-kickoff/16462 "2025-11-25T17:52:14Z")\ **Posts on this page:** 1\ **Showing post:** 69
**Author:** ![Drooo](https://yyz1.discourse-cdn.com/flex031/user_avatar/forum.cosmos.network/drooo/32/9258_2.png) [@Drooo](https://forum.cosmos.network/u/Drooo)\ **Post date:** [December 19, 2025, 4:23pm UTC](https://forum.cosmos.network/t/atom-tokenomics-research-kickoff/16462/69 "2025-12-19T16:23:29Z")
> [@Gregory\_C](#): > > Operational tools like vaults, buybacks, or opt-in yield strategies can improve how rewards behave in practice, but a policy layer is still needed to define, in a rule-based way, how much issuance is actually required. Agreed. There needs to be a fully mechanical system for token inflation/issuance/security, etc. based on clear metrics (that can be tweaked by governance as needed) in the manor Gregory lays out. Other incentive structures could be valuable but would need to rest on top of a base layer of the most fundamental tokenomics metrics. Vaults to incentivize validators to hold vs sell sound great but it sounds more like an ecosystem thing not necessarily something at the ATOM protocol level. There would need to be competing models to find the best incentive models over time. Liquidity fragmentation is an issue like klendhaar said but again that sounds more like it gets solved by cultivating an ecosystem. Buybacks seem different to me, like they could potentially be woven into the basic tokenomics to a greater degree. > [@klendhaar](#): > > If we’re moving community pool ATOM into vaults that “sell when ATOM outperforms” and “buy back when it underperforms,” **who holds the keys?** I didn’t see where this was proposed, but its not viable. Any kind of market-timed buying/selling associated with the base Cosmos protocol turns the protocol into a trading shop and fundamentally undermines security no matter how transparent. That said, I think the ICF should not be holding any other coins than ATOM and should start selling their BTC, ETH, and any others for ATOM at a steady pace. --- _[View the full topic](https://forum.cosmos.network/t/atom-tokenomics-research-kickoff/16462)._