DeFi & Crypto Technical
Governance Token
A token granting voting rights over a DeFi protocol's decisions — fee parameters, treasury allocation, upgrades.
Definition
A governance token grants holders voting rights over a DeFi protocol's operational decisions — fee structure, treasury management, protocol upgrades. Examples: UNI (Uniswap), AAVE, MKR (MakerDAO). Under MiCA, governance tokens often fall within Title II scope as crypto-assets.