Top 10 Governance Tokens

DeFi is the most rapidly growing part of the blockchain ecosystem, which uses technologies such as DApps, smart contracts, and governance tokens. Investors can enter decentralized finance through specific platforms. People can also buy a coin from a company on popular exchanges.

There are always some difficulties with the purchasing process. Assets holders cannot be sure that the decisions of company officials are correct. This is where the governance token concept comes to the rescue. Investors can take part in voting and decide the future of products through this. Below, users can find information about ten governance tokens with growth prospects.

Top 10 Governance Tokens

Below are the top 10 governance tokens

1. SNX

Synthetix is a decentralized exchange built on Ethereum. It also functions as an issuer of assets, allowing people to produce synthetic tokens. With these coins, crypto enthusiasts can track the price of commodities, bonds, currencies, or even cryptocurrencies. Clients can receive considerable income from synthetic assets supported by SNX tokens. Besides, each holder can discuss the future of the protocol with community members and participate in voting, along with the officials.

2. COMP

Compound is a technology that works with ERC 20 smart contracts. Clients get the opportunity to lend or borrow specific cryptocurrencies such as USDT, ETH, DAI, and others. All processes are swift and cheap because there are no intermediaries. COMP token is the basis of this product. It allows investors to vote on all aspects of the protocol and change the compound governance dashboard.

3. UMA

This innovative technology creates accessible financial markets based on the Ethereum ecosystem. The protocol allows the release of synthetic assets using a stable system of smart contracts and a reliable oracle network. UMA token owners get permission to create synthetic coins without any consent. That is why the asset has enormous prospects for future growth.

4. CRV

Curve DAO is one of the new DeFi protocols that allow people to profit from pools of cryptocurrencies. Clients can put their assets on the platform and get a profit. Curve DAO focuses primarily on stablecoins, like USDT, Maker, and others. CRV holders can not only determine the future of the products but also receive an award for being active members of the community.

5. SUSHI

This governance token is intended for liquidity providers on the SushiSwap. The decentralized exchange allows swapping one virtual asset for another. Users can get SUSHI coins by providing a liquidity pool. Token owners can not only make decisions on the main aspects of the product but also receive a percentage of SushiSwap’s commissions.

6. MKR

Maker tries to ensure the stable operation of the DAI stablecoin. This technology is based on the Ethereum blockchain. Governance token MKR allows users not only to decide on new changes in the product but also to make decisions regarding the DAO network. Such technology will be in demand soon, which will lead to a rapid increase in its price.

7. AAVE

With the Aave system, crypto investors can borrow, lend, and earn income in a completely decentralized way. This means that investors do not need to apply the services of an intermediary. AAVE token holders get the opportunity to receive additional profit and resolve the project’s future.

8. UNI

Uniswap is a decentralized network that allows users to exchange one token for another. The main advantages of this platform are:

Ability to create liquidity pools with two tokens.
Opportunity to receive income as a liquidity provider.
Large selection of unique ERC 20 tokens.

Uniswap owns its token, which gives crypto investors many benefits. Thus, crypto enthusiasts who hold UNI coins can participate in developing the platform and vote for future changes.

9. YFI

This protocol allows crypto enthusiasts to diversify their income through trading or lending services. This became possible through various services like Vaults, APY, Zap, and others. YFI governance tokens allow investors to get significant returns from asset holdings.

10. KNC

The Kyber Network permits token swaps in various applications. Thus, all members of the blockchain ecosystem can freely exchange information. KNC coin is a great investment idea as the asset price is expected to grow rapidly in 2022.