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General TradingG
Governance
Governance in the context of crypto and DeFi refers to the system by which decisions about a protocol's development, upgrades, and treasury management are made. Token holders typically participate in governance by submitting proposals and voting, enabling decentralized community-driven management of blockchain projects.
Example
“MakerDAO governance token holders voted to adjust the stability fee for DAI, demonstrating how decentralized governance allows the community to directly influence protocol parameters.”