Guys, this is really important to understand: governance tokens and DAOs!
Addresses holding COMP or UNI need to delegate first (you can delegate to yourself) for their tokens to count toward their voting power.
Voting power is calculated based on the amount of tokens held. If the team, early investors, and whales hold a large share, voting outcomes are often swayed by a small number of addresses.
$UNI is Uniswap's governance token. Holders can vote on protocol proposals. Current price: 7.368.
Save this and take your time reading 👇
Addresses holding COMP or UNI need to delegate first (you can delegate to yourself) for their tokens to count toward their voting power.
Voting power is calculated based on the amount of tokens held. If the team, early investors, and whales hold a large share, voting outcomes are often swayed by a small number of addresses.
$UNI is Uniswap's governance token. Holders can vote on protocol proposals. Current price: 7.368.
Save this and take your time reading 👇