DeFi | What exactly can governance tokens be used for?
Uniswap’s on-chain governance uses the Governor Bravo contract, originally developed by Compound.
The purpose of the timelock is to give the community time to respond: those who disagree with a change can withdraw their funds before it takes effect.
$UNI is Uniswap’s governance token, and holders can vote on protocol proposals.
Understanding how it works helps you make informed decisions; it is not for predicting price movements.
#UNI
Uniswap’s on-chain governance uses the Governor Bravo contract, originally developed by Compound.
The purpose of the timelock is to give the community time to respond: those who disagree with a change can withdraw their funds before it takes effect.
$UNI is Uniswap’s governance token, and holders can vote on protocol proposals.
Understanding how it works helps you make informed decisions; it is not for predicting price movements.
#UNI
