What exactly can governance tokens be used for? Don’t worry—the class rep is here to sum it up:
In September 2020, Uniswap issued UNI and distributed 400 UNI to every address that had previously used the protocol.
The point of a time lock is to give token holders time to react: anyone who disagrees with a proposal can withdraw from the protocol before it takes effect.
The costliest thing in crypto has never been transaction fees—it’s the price of not understanding the rules.
$UNI 7.021 (-2.38%)
In September 2020, Uniswap issued UNI and distributed 400 UNI to every address that had previously used the protocol.
The point of a time lock is to give token holders time to react: anyone who disagrees with a proposal can withdraw from the protocol before it takes effect.
The costliest thing in crypto has never been transaction fees—it’s the price of not understanding the rules.
$UNI 7.021 (-2.38%)
