How does voting in a decentralized autonomous organization actually work?
One number: In September 2020, Uniswap launched UNI and distributed 400 UNI to every address that had previously used the protocol.
The purpose of a timelock is to give token holders time to react: those who disagree with a proposal can withdraw their funds before it is executed.
Understanding this is better than memorizing a pile of jargon. Don’t put all your funds into one project.
$UNI is Uniswap’s governance token. Holders can vote on protocol proposals.
#UNI
One number: In September 2020, Uniswap launched UNI and distributed 400 UNI to every address that had previously used the protocol.
The purpose of a timelock is to give token holders time to react: those who disagree with a proposal can withdraw their funds before it is executed.
Understanding this is better than memorizing a pile of jargon. Don’t put all your funds into one project.
$UNI is Uniswap’s governance token. Holders can vote on protocol proposals.
#UNI
