Crypto Governance Tokens: How Crypto Governance Works?
Who really governs DeFi protocols – token holders, core developers, or a limited group of appointed representatives? To understand this, one must unpack the architecture of token-based voting in DeFi, the differences between on-chain and off-chain governance, and the actual mechanisms of influence – from delegation to execution.
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What Are Governance Tokens?
Governance tokens are a specialized class of crypto assets primarily intended for participating in the governance of decentralized protocols. They allow holders to influence key decisions within the project, either directly or through delegation, from technical…
