Can holding governance tokens really influence a protocol’s rules?
First, a definition: Uniswap’s on-chain governance uses the Governor Bravo contract, which was originally developed by Compound.
How it works: The time lock gives the community time to respond. Those who disagree with a proposal can withdraw their funds before it is executed.
$UNI is Uniswap’s governance token, and holders can vote on protocol proposals.
Ideally, only put in funds you can afford to lose without affecting your life.
#UNI
First, a definition: Uniswap’s on-chain governance uses the Governor Bravo contract, which was originally developed by Compound.
How it works: The time lock gives the community time to respond. Those who disagree with a proposal can withdraw their funds before it is executed.
$UNI is Uniswap’s governance token, and holders can vote on protocol proposals.
Ideally, only put in funds you can afford to lose without affecting your life.
#UNI