Could somebody please explain to me how DeFI governance tokens like UNI are not just shitcoin money grabs? So you pay money for a token to be able to make governance decisions? Why not just give users a vote based on how much liquidity they have on the platform?

I am just trying to understand how the concept of governance tokens on DeFi platforms makes any sense over just allowing users to have governance votes based on the liquidity they have provided to the platform.Why are arbitrary tokens necessary for this process other than to pump out another pointless shitcoin onto the market?

Submitted September 23, 2020 at 09:07AM