What exactly can governance tokens be used for?
Uniswap’s on-chain governance uses the Governor Bravo contract, which was originally developed by Compound.
Voting power is based on the amount of tokens held. When the project team, early investors, and whales hold a large proportion, governance can become concentrated among a few addresses.
$UNI is Uniswap’s governance token, and holders can vote on protocol proposals.
#UNI
Uniswap’s on-chain governance uses the Governor Bravo contract, which was originally developed by Compound.
Voting power is based on the amount of tokens held. When the project team, early investors, and whales hold a large proportion, governance can become concentrated among a few addresses.
$UNI is Uniswap’s governance token, and holders can vote on protocol proposals.
#UNI