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NEM's DeFi Glossary - #2 Governance Token
*A thread* My #NEM 's DeFi Glossary 101:
— Brit Gaile 🐩 (@BritGaile) October 19, 2020
#2 - Governance token
Is actually a non-utility token, but serves as a key for the decentralization of the governance of the DeFi application.
Holders of Governance tokens, usually through a voting process, have the power to create an impact about decisions concerning developmental changes to governance parameters, codebase, core protocol, treasury management, and product or feature roadmap.
— Brit Gaile 🐩 (@BritGaile) October 19, 2020
It also give liquidity providers a way of increasing the incentives available to them.
— Brit Gaile 🐩 (@BritGaile) October 19, 2020
Author: BritGaile
Published on: 20/10/2020 16:48