DeFi | Governance Tokens and DAOs
Definition: Protocols that use Governor Bravo send approved proposals to a timelock, where they wait for a period of time before being executed.
Why: The timelock gives the community time to react: people who disagree with a proposal can exit the protocol before it takes effect.
Reminder: Keep an eye out for important proposals on protocols you use regularly, especially those involving fees, collateral parameters, and contract upgrades.
$UNI 6.779 (-3.97%)
#UNI
Just listen; donโt buy based on this. Make your own decisions.
Definition: Protocols that use Governor Bravo send approved proposals to a timelock, where they wait for a period of time before being executed.
Why: The timelock gives the community time to react: people who disagree with a proposal can exit the protocol before it takes effect.
Reminder: Keep an eye out for important proposals on protocols you use regularly, especially those involving fees, collateral parameters, and contract upgrades.
$UNI 6.779 (-3.97%)
#UNI
Just listen; donโt buy based on this. Make your own decisions.
