Beyond watching the charts, there’s another basic concept to understand: governance tokens and DAOs.
In the 2022 Beanstalk attack, the attacker used flash loans to gain majority voting power for a short time and pass a malicious proposal to siphon off funds.
Governance tokens don’t necessarily pay dividends: many don’t directly share protocol revenue. Whether they do depends on the protocol’s own rules.
$UNI is Uniswap’s governance token. Holders can vote on protocol proposals. Currently: 7.013.
Take the time to understand how things work before taking action. Don’t trade on impulse.
Just chatting—everyone is responsible for their own gains and losses.
In the 2022 Beanstalk attack, the attacker used flash loans to gain majority voting power for a short time and pass a malicious proposal to siphon off funds.
Governance tokens don’t necessarily pay dividends: many don’t directly share protocol revenue. Whether they do depends on the protocol’s own rules.
$UNI is Uniswap’s governance token. Holders can vote on protocol proposals. Currently: 7.013.
Take the time to understand how things work before taking action. Don’t trade on impulse.
Just chatting—everyone is responsible for their own gains and losses.