What Is “Governance Token” Utility?

A Governance Token grants its holder the right to vote on proposals related to the future development and operation of a decentralized protocol, such as changes to fee structures, treasury spending, or smart contract upgrades. Holding more tokens typically grants proportional voting power, allowing the community to steer the project autonomously.

How Does a Decentralized Autonomous Organization (DAO) Use Governance Tokens?
What Is a ‘Governance Token’ and How Does It Grant Voting Power in a DAO?
What Is the Role of ‘Governance Tokens’ in the Evolution and Parameter Setting of an AMM Protocol?
How Does a Governance Token Grant Voting Power in a DAO?
How Does a Tokenized Security Handle Voting Rights When the Underlying Asset Has Governance Features?
What Is a Governance Token and How Does It Grant Voting Power?
What Is the Function of a ‘Governance Token’ in a DeFi Protocol?
How Are Voting Rights and Decision-Making Power Distributed among Members in a Loan Syndicate Consortium?