DGT

Governance tokens are tokens that developers create to allow token holders to help shape the future of a protocol. They give holders voting rights over proposed revisions to smart contracts at issuing protocols, allowing them have their voices heard when it comes to making changes to how that protocol operates, even changing the governance itself. Some governance token holders also benefit from a share of protocol fees, trading fees and other rewards particularly those issued by DEXs (like Pancake swap, Duality DEX, etc.) for depositing into their liquidity pools.