🧮 DeFi | Governance Tokens and DAOs
· Definition: In September 2020, Uniswap launched UNI and airdropped 400 UNI to every address that had previously used the protocol.
· How it works: Voting power is determined by the amount of tokens held. If project teams, early investors, and whales hold a large share, governance can become concentrated in a few addresses.
· Reminder: Before delegating your voting power to someone else, review their past voting records and published opinions.
$UNI 7.076 (-2.24%)
· Definition: In September 2020, Uniswap launched UNI and airdropped 400 UNI to every address that had previously used the protocol.
· How it works: Voting power is determined by the amount of tokens held. If project teams, early investors, and whales hold a large share, governance can become concentrated in a few addresses.
· Reminder: Before delegating your voting power to someone else, review their past voting records and published opinions.
$UNI 7.076 (-2.24%)