SEC and CFTC release new regulations, introducing three compliant fundraising models that do not require token sales

According to market news, the SEC and CFTC jointly released Interpretive Release 33-11412, defining most native tokens of decentralized networks as digital commodities, and clarifying that staking, LSD, wrapped tokens, and compliant airdrops do not constitute securities offerings.

Based on this, the article proposes three fundraising and treasury models that have been difficult to implement previously: the first is Liquid Genesis Staking Pools (LGSP), which are based on staking ETH, SOL, etc., and incentivized through both LSD yields and protocol tokens; the second is Commodity Pre-Participation Agreements (CPA), which exchange contributions of work and funds for future network participation rights, rather than presale tokens; the third is Separation-Accelerated Revenue Rights (SARR), which link to decentralized milestones and provide diminishing profit-sharing, designing the "separation principle" as a tool to drive teams to accelerate decentralization. The author states that all three models are based on existing contract components and can support long-term treasury and team expenditures in simulations.