What exactly can governance tokens be used for?
Uniswap's on-chain governance uses the Governor Bravo contract, which was originally developed by Compound. Many DAOs first hold off-chain votes on Snapshot, which costs no gas; formal proposals are then put to an on-chain vote.
Governance tokens don't necessarily entitle holders to dividends: many governance tokens don't directly distribute protocol revenue, and the specifics depend on the protocol's own rules.
$UNI is Uniswap's governance token, and holders can vote on protocol proposals.
Uniswap's on-chain governance uses the Governor Bravo contract, which was originally developed by Compound. Many DAOs first hold off-chain votes on Snapshot, which costs no gas; formal proposals are then put to an on-chain vote.
Governance tokens don't necessarily entitle holders to dividends: many governance tokens don't directly distribute protocol revenue, and the specifics depend on the protocol's own rules.
$UNI is Uniswap's governance token, and holders can vote on protocol proposals.