《治理令牌的最终指南：4个要考虑的顶级项目》

这些代币不仅仅是赚钱的一种方式。他们给持有者关于项目的运作方式发言权。

Decentralized finance (DeFi) is revolutionizing the way we interact with money, offering innovative approaches to lending, borrowing, trading, and even creating digital currency. At the heart of this revolution are "governance tokens," which go beyond being a mere investment vehicle. These tokens empower holders to have a direct say in how a project functions, similar to having "shares" in a traditional company, but within a blockchain-based system.

分散的金融（DEFI）正在彻底改变我们与货币互动的方式，为贷款，借贷，交易甚至创造数字货币提供创新的方法。这场革命的核心是“治理令牌”，它不仅仅是仅仅是投资工具。这些代币使持有人能够直接发言项目的运作方式，类似于在传统公司中拥有“股票”，但在基于区块链的系统中。

For DeFi enthusiasts, governance tokens present an interesting proposition—the chance to participate in projects that are fundamentally changing the financial landscape. They offer two main things:

对于Defi爱好者来说，治理令牌提出了一个有趣的主张，这是参与从根本上改变金融格局的项目的机会。他们提供两件事：

* Profit Potential: As the project grows and expands, so too can the value of the governance tokens increase.

*利润潜力：随着项目的增长和扩展，治理令牌的价值也会增加。

* Role in System Stability: These tokens are crucial for keeping the DeFi projects running smoothly and preventing any catastrophic risks.

*在系统稳定性中的作用：这些令牌对于保持Defi项目的运行平稳并防止任何灾难性风险至关重要。

With so many DeFi projects vying for attention, choosing which governance tokens to look at can be overwhelming. Here, we've handpicked four top tokens that offer a good mix of profit potential and an impactful role in their respective systems.

随着如此众多的Defi项目争夺关注，选择要查看哪些治理令牌可能是压倒性的。在这里，我们已经精心挑选了四个顶级代币，它们在各自系统中提供了很好的利润潜力和有影响力的作用。

1. Frankencoin (FPS): The Oracle-Free Stablecoin Innovator

1。Frankencoin（FPS）：无甲骨文的Stablecoin创新者

What it Is: Frankencoin (ZCHF) is a novel decentralized stablecoin that aims to solve some of the big problems that current stablecoins face. Many stablecoins rely on central companies or outside "oracles" for price information, but Frankencoin is different. It's an Ethereum-based stablecoin designed to track the value of the Swiss Franc and works completely without external oracles.

是：Frankencoin（ZCHF）是一种新颖的分散型稳定，旨在解决当前Stablecoins面临的一些大问题。许多Stablecoins依靠中央公司或外部“ Oracles”以获取价格信息，但是Frankencoin却不同。这是一个基于以太坊的稳定稳定性，旨在跟踪瑞士法郎的价值，并且完全没有外部甲壳。

Why it's Unique: Instead of relying on outside price feeds, Frankencoin uses a special auction system to determine the value of collateral and handles liquidations (when a loan needs to be closed out). This makes Frankencoin very flexible—it can use many different types of collateral, as long as there's enough of it available in the market.

为什么它是独一无二的：不用依靠外部价格提要，而是使用特殊的拍卖系统来确定抵押品的价值并处理清算的价值（当需要收取贷款时）。这使得Frankencoin非常灵活 - 只要市场上有足够的价格，它就可以使用许多不同类型的抵押品。

How FPS Works:Frankencoin Pool Shares (FPS) are the governance token for the Frankencoin system. Essentially, owning FPS is like owning shares in a bank. FPS holders provide capital to the system's "reserve pool," which acts as a buffer to absorb risks, similar to a bank's equity. This capital is used to mint new Frankencoins and fund the system's operations.

FPS的工作方式：Frankencoin Pool股票（FPS）是Frankencoin系统的治理令牌。本质上，拥有FPS就像拥有银行中的股份一样。 FPS持有人为该系统的“储备池”提供资金，该资金是吸收风险的缓冲，类似于银行的权益。这项资本用于薄荷新的弗兰克科因，并为系统的运营提供资金。

Profit Potential: As an FPS holder, you benefit from the system's growth. The reserve pool collects fees from new Frankencoins being minted and also gains from liquidation profits. If the system expands and is used more, the value of the reserve pool—and your FPS—can grow. You can also mint new FPS by adding capital to the pool. After 90 days, you can redeem your FPS for funds from the pool. The amount you get back depends on how the pool's value changed.

利润潜力：作为FPS持有人，您将从系统的增长中受益。储备池从新的Frankencoins中收取费用，并从清算利润中获取。如果系统扩展并更多地使用，则储备池的价值以及您的FPS的价值可以增长。您也可以通过在池中添加资本来造成新的FPS。 90天后，您可以从游泳池兑换FPS供资金。您获得的数量取决于池的价值的变化。

Role in System Stability: FPS holders are crucial for maintaining Frankencoin's stability. They carry the "residual risk" of liquidations, giving them a strong incentive to keep the system healthy. Frankencoin uses a unique "veto-based" governance system—anyone with at least 2% of the total votes can veto proposals. This low barrier means even small holders can team up to stop bad ideas, making the structure very decentralized and also helping to keep Frankencoin pegged to the Swiss franc, especially during market ups and downs. FPS holders can influence the system's interest rate policy, which affects how expensive it is to mint new Frankencoins, further aiding in maintaining the peg.

在系统稳定性中的作用：FPS持有人对于维持​​Frankencoin的稳定性至关重要。他们承担着清算的“剩余风险”，从而有很大的动力使系统保持健康。弗兰克科（Frankencoin）使用独特的“基于否决权”的治理系统 - 至少有2％的总投票的人都可以否决提议。这种低障碍意味着即使是小持有人也可以合作停止坏主意，使该结构变得非常分散，并有助于使弗兰克科因与瑞士法郎保持联系，尤其是在市场起伏。 FPS持有人可以影响系统的利率政策，这会影响薄荷新的Frankencoins的昂贵，进一步帮助维护PEG。

How to get FPS:

如何获得FPS：

Frankencoin's unique oracle-free design and veto-based governance make it a fascinating choice for DeFi enthusiasts seeking a fresh approach to stablecoins.

Frankencoin独特的无甲骨文设计和基于否决权的治理使其成为寻求新方法稳定方法的自由运动爱好者的迷人选择。

2. Uniswap (UNI): The Decentralized Exchange Powerhouse

2。UNISWAP（UNI）：分散的交换强国

What it Is: Uniswap is the biggest decentralized exchange (DEX) built on Ethereum. It enables people to swap one crypto token for another without needing a central company. It uses something called Automated Market Makers (AMMs) to make trading happen smoothly. Since it launched in 2018, Uniswap has become a cornerstone of the DeFi world.

它是：Uniswap是建立在以太坊的最大分散交易所（DEX）。它使人们能够将一个加密代币交换为另一个代币而无需中央公司。它使用所谓的自动做市商（AMM）来使交易顺利进行。自2018年推出以来，Uniswap已成为Defi World的基石。

How UNI Works: UNI is Uniswap's governance token, which was launched in 2020 to return control of the protocol to its community. UNI holders can vote on important decisions, such as how trading fees are structured, what new features are added, and how the entire system is upgraded.

UNI的工作方式：Uni是Uniswap的治理令牌，该令牌于2020年启动，以将对协议的控制权返回其社区。 UNI持有人可以对重要决策进行投票，例如如何结构交易费用，添加了哪些新功能以及如何升级整个系统。

Profit Potential: As a UNI holder, you can benefit from Uniswap's continued success. While trading fees currently go to liquidity providers, UNI holders can vote on proposals that might change this in the future, potentially directing some of the collected fees to token holders. As Uniswap keeps facilitating massive trading volumes with its role in DeFi, the value of the UNI token can appreciate.

利润潜力：作为一个Uni持有人，您可以从Uniswap的持续成功中受益。尽管交易费用目前是流动性提供商，但Uni持有人可以对可能在将来改变此事的提案进行投票，并有可能将一些收集的费用指向令牌持有人。随着UNISWAP在DEFI中的作用不断促进大规模交易量，Uni代币的价值可以欣赏。

Role in System Stability: UNI holders play a key role in keeping Uniswap running smoothly and securely. Their votes decide critical operational aspects, such as making sure the platform can handle large batches of trades without issues and that any new features are coded safely.

在系统稳定性中的作用：Uni持有人在保持单项量级运行平稳运行方面发挥了关键作用。他们的投票决定了关键的运营方面，例如确保平台可以无问题处理大量交易，并且任何新功能都可以安全地编码。