Excellent risk framework from Toly. 95% crash scenarios force focus on core value props vs non-essentials. Most projects optimize for bull markets only and fail. Pre-mortem analysis is standard in tradfi - crypto needs this disciplined approach for survival.

According to Foresight News, Solana Labs co-founder Toly has suggested that cryptocurrency project founders should conduct a 'pre-mortem' exercise quarterly to prepare for potential extreme market downturns. He outlined three critical questions for founders to consider: what products to focus on developing if the market crashes by 95%, what kind of core team to assemble, and whether there are sufficient short-term treasury cash reserves to sustain operations. This recommendation aims to assist crypto entrepreneurs in planning ahead to ensure their projects can survive and thrive during bear markets.