Podcast
Questions and Answers
What is the purpose of governance tokens in the DeFi world?
What is the purpose of governance tokens in the DeFi world?
What is the primary system used to operate DeFi platforms?
What is the primary system used to operate DeFi platforms?
What can be used to force a new tokenomic schedule into existence?
What can be used to force a new tokenomic schedule into existence?
What is the purpose of hard forking?
What is the purpose of hard forking?
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What is not a purpose of governance tokens?
What is not a purpose of governance tokens?
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What is the primary purpose of a DAO?
What is the primary purpose of a DAO?
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What is not a purpose of hard forking?
What is not a purpose of hard forking?
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What is the primary difference between a DAO and a smart contract?
What is the primary difference between a DAO and a smart contract?
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What is not a purpose of a DAO?
What is not a purpose of a DAO?
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What is not a purpose of hard forking?
What is not a purpose of hard forking?
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Study Notes
- Governance tokens play an important role in the DeFi world, granting holders voting rights to influence the future rules and decisions of a project.
- DeFi platforms rely on DAOs – a governance system that relies on token governance – to operate.
- If a project's governance is poor, hard forking – copying a blockchain's codebase and making non-backward compatible changes – can be used to force a new tokenomic schedule into existence.
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Description
Test your knowledge of decentralized finance governance and tokens with this quiz. Learn about the role of governance tokens, DAOs, and the use of hard forking to influence project decisions and tokenomic schedules.
