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Glossary

Governance Token Meaning: What Does Governance Token Mean in Crypto?

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Definition

Token giving voting rights in protocol decisions

AAVEs AAVE token weights votes by stake; snapshot voting off-chain reduces gas, enabling frequent community proposals. Usage: Proposal creation, voting power. Examples: UNI (Uniswap), COMP (Compound). Delegation: Proxy voting common.

Keywords

  • Advanced Concepts