After surviving countless nights of price wicks, I still couldn’t escape the market makers’ string of traps.
Let’s talk about something useful that has nothing to do with market movements—though I’m still here to make money.
What exactly can governance tokens be used for?
From what I’ve seen, many DAOs start with off-chain voting on Snapshot, which doesn’t cost any Gas. Then they vote on-chain for formal proposals.
Timelocks give token holders time to react: anyone who disagrees with a proposal can withdraw from the protocol before it takes effect.
$UNI is Uniswap’s governance token. Holders can vote on protocol proposals.
Did you also have to learn the hard way?
Let’s talk about something useful that has nothing to do with market movements—though I’m still here to make money.
What exactly can governance tokens be used for?
From what I’ve seen, many DAOs start with off-chain voting on Snapshot, which doesn’t cost any Gas. Then they vote on-chain for formal proposals.
Timelocks give token holders time to react: anyone who disagrees with a proposal can withdraw from the protocol before it takes effect.
$UNI is Uniswap’s governance token. Holders can vote on protocol proposals.
Did you also have to learn the hard way?