2025-12-18 18:25:58

Here's the thing about governance tokens—most people completely miss the actual utility. Everyone's quick to dismiss them as worthless, but that's because they don't realize what real governance actually means in a decentralized ecosystem. When you hold a governance token, you're not just speculating on hype; you're literally owning a piece of the protocol's decision-making power. That's utility in its truest form, even if the market hasn't woken up to it yet.

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ChainMelonWatcher

· 2025-12-20 05:26

Really, governance tokens have been demonized. Holding tokens means having a say, it's not like playing the lottery.

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FOMOSapien

· 2025-12-18 18:56

To be honest, governance tokens are now a joke. Most people hold them but don't vote, and the power is all in the hands of the big players.

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ProposalManiac

· 2025-12-18 18:52

To be honest, the market's pricing of governance tokens has been distorted for a long time. --- It's the same old "real power" story, but the problem is, what was the final voting turnout for the Compound proposal? Guess. --- Poor mechanism design makes any decision-making power just a decoration. Have you learned from historical lessons? --- Having tokens gives you decision-making power, but it depends on whether incentives are aligned. Right now, many are not aligned. --- It's indeed underestimated, but mainly because an effective game-theoretic balance has not yet been established. --- Well said, but I need to add one point—decentralization is a process, not a destination.

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