Huobi Research: The attributes of DeFi governance tokens can be converted

For DeFi, there may indeed be some users who do not have particularly high enthusiasm for participating in community governance, and governance tokens are unattractive to this group of people in the short term. However, some DeFi applications actually have potential business models, such as top DEX and Lending applications, which are not profitable now. However, through any community proposals, these DeFi can start to make profits. Once profits are obtained, these profits can then be distributed to the holders of governance tokens through another community proposals. such as Curve. In short, in the blockchain world, it is natural for governance tokens to make such changes at any time. Therefore, lots of DeFi governance tokens may try to convert. (Todd Ma, Huobi Research senior researcher)

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Huobi Research

Huobi Research

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Blockchain industry top think tank, affiliated to Huobi Group.