DeFi | What exactly are governance tokens used for?
Many DAOs first use Snapshot for off-chain voting, which doesn’t require paying Gas. Formal proposals are then voted on-chain.
Voting power is based on the amount of tokens held. When project teams, 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: 6.966.
Verify information from multiple sources before making a decision. Don’t just take one person’s word for it.
#UNI
Many DAOs first use Snapshot for off-chain voting, which doesn’t require paying Gas. Formal proposals are then voted on-chain.
Voting power is based on the amount of tokens held. When project teams, 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: 6.966.
Verify information from multiple sources before making a decision. Don’t just take one person’s word for it.
#UNI
