DefineDeFiWeb3 Glossary

Governance Portal

A website where token holders can propose and vote on changes to a project. Approved changes happen automatically through code.

Example

Using Snapshot to vote on whether Uniswap should change its trading fees, with the winning choice automatically taking effect.

Related Terms

Tools & Protocols

⚙️How It Works

  1. 1

    Connect Wallet

    Link your wallet to prove you hold governance tokens

  2. 2

    Browse Proposals

    Review active and past proposals

  3. 3

    Cast Vote

    Vote for, against, or abstain on proposals

  4. 4

    Proposal Executes

    Passing proposals are implemented on-chain

🚀Getting Started

  • 1Acquire governance tokens for protocols you care about
  • 2Follow the protocol's forum/Discord to understand proposals
  • 3Start by voting on simple proposals to learn the process
  • 4Consider delegating if you can't research every vote
  • 5Check quorum requirements - some votes need minimum participation
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