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Which On-Chain Governance Tokens Does Bitpie Wallet Support: In-Depth Analysis and Applications

bitpie
June 07, 2025

As a cutting-edge digital asset management tool, Bitpie Wallet has attracted widespread attention in the crypto industry for its multi-chain support and user-friendly experience. With the rise of decentralized finance (DeFi) and on-chain governance, users are placing increasing importance on a wallet's support for governance tokens when making their choice. This article will provide a detailed exploration of the on-chain governance tokens supported by Bitpie Wallet, analyzing their functions and application scenarios to help readers better understand the significance of these tokens within the blockchain ecosystem.

What is an on-chain governance token?

On-chain governance tokens refer to tokens issued on a blockchain network that are used to exercise governance rights over a protocol or project. Users who hold governance tokens can participate in the network's decision-making processes, such as proposals, voting, and contract upgrades. The emergence of this model aims to enhance community participation and the degree of decentralization, making users not just passive users but active participants.

Which On-Chain Governance Tokens Does Bitpie Wallet Support: In-Depth Analysis and Applications

The design concept of governance tokens is to enable every token holder to have a voice in the project's development direction. Common governance tokens include MakerDAO (MKR), Uniswap (UNI), Compound (COMP), and others.

Features of Bitpie Wallet

Bitpie Wallet's multi-chain support capability enables it not only to store mainstream digital assets, but also to manage and trade various governance tokens. Its main features include:

  • Support multiple chainsBitpie Wallet supports multiple blockchains including Ethereum, TRON, EOS, and others, allowing users to conveniently manage assets across different chains.
  • User-friendly interfaceThe concise interface design allows users, even beginners, to easily get started and quickly find the functions they need.
  • High securityBitpie Wallet adopts multiple security measures, including local storage of private keys and two-step verification, to ensure the safety of users' assets.
  • DecentralizationBitpie Wallet allows users to have full control over their private keys, thereby enabling decentralized asset management.
  • Governance tokens supported by Bitpie Wallet

  • Uniswap(UNI)
  • Uniswap is a decentralized exchange based on Ethereum, and its governance token UNI allows holders to vote on protocol improvements and future development. Users can use the Bitpie wallet to store, manage, and participate in the governance of Uniswap. On Uniswap, users who hold UNI tokens can not only participate in voting but also engage in liquidity mining to earn rewards.

  • Compound(COMP)
  • Compound is a popular decentralized lending protocol that allows users to earn interest by supplying crypto assets, while also enabling them to borrow digital assets. The COMP token, as its governance token, allows holders to propose and vote on decisions regarding the future development of the protocol. Support from Bitpie Wallet makes it convenient for users to participate in Compound's governance activities.

  • Aave(AAVE)
  • Aave is an innovative lending protocol that allows users to access liquidity through various mechanisms, such as flash loans. Holders of the AAVE token can participate in the platform's governance, voting on important protocol parameters and governance proposals. By using the Bitpie wallet, users can smoothly manage and participate in Aave's governance matters.

  • Maker(MKR)
  • MakerDAO is a decentralized autonomous organization aimed at governing the management and issuance of the stablecoin DAI. Holders of MKR tokens can participate in voting to decide on important parameters such as the selection of collateral assets and fee rates. Bitpie Wallet supports MKR tokens, allowing users to easily manage them and participate in MKR governance.

  • SushiSwap(SUSHI)
  • SushiSwap is a decentralized trading platform based on Uniswap, with its operation and governance jointly decided by SUSHI token holders. SUSHI tokens can not only be used for voting but also for earning rewards by providing liquidity. By using the Bitpie wallet, users can conveniently manage their SUSHI tokens and participate in community governance.

    Application Scenarios of On-Chain Governance Tokens

    The application scenarios of on-chain governance tokens in today's crypto market are becoming increasingly diverse, not only limited to large-scale decentralized protocols but also including small community projects. Here are some main application scenarios:

  • Protocol Upgrade
  • On-chain governance tokens enable community members to participate in voting processes for major protocol changes. For example, when Uniswap needs to undergo a version upgrade, users holding UNI tokens can take part in the vote to decide whether to implement the upgrade.

  • fund allocation
  • The voting function of governance tokens typically involves the allocation and use of funds. By holding governance tokens, users can initiate proposals to decide how to use the protocol's fund pool, such as for marketing, technical support, and other purposes.

  • Security Proposal
  • In many DeFi projects, security is crucial. Holders of governance tokens can vote on important proposals such as security audits and vulnerability fixes, thereby ensuring the security and sustainability of the protocol.

  • Community development
  • Holders of governance tokens can propose initiatives related to community development, such as organizing community events or launching educational programs, thereby promoting the growth of the entire ecosystem.

  • Asset Management
  • Some decentralized autonomous organizations (DAOs) manage their assets and make investment decisions through governance tokens, such as selecting projects to invest in and managing risks.

    How to use governance tokens in Bitpie Wallet

    The process of using governance tokens in the Bitpie wallet is relatively straightforward. Users only need to follow a few simple steps to manage and participate in governance:

  • Download and install Bitpie WalletMake sure to install the Bitpie wallet on a secure and trusted device.
  • Create Wallet AccountCreate a local wallet account as instructed, and securely store your private key and mnemonic phrase.
  • Add AssetIn the Bitpie wallet, add supported governance tokens such as UNI, COMP, AAVE, etc., and follow the prompts to proceed.
  • Participate in governance votingAfter obtaining governance tokens, users can access the corresponding governance platform to view and participate in voting.
  • Asset ManagementUsers can view, manage, and trade their governance tokens at any time through the Bitpie wallet.
  • Frequently Asked Questions

  • Governance tokens supported by Bitpie Wallet
  • Bitpie Wallet supports multiple popular on-chain governance tokens, such as Uniswap (UNI), Compound (COMP), Aave (AAVE), Maker (MKR), and SushiSwap (SUSHI), among others.

  • Participate in governance voting
  • Users first need to possess the corresponding governance tokens and add these assets to their wallets. After that, they can access the project's governance platform to participate in proposals and voting.

  • How secure are the assets in Bitpie Wallet?
  • Bitpie Wallet adopts multiple security measures such as local private key storage and secondary verification to ensure that users' digital assets are fully protected.

  • Besides governance tokens, what other assets can be stored?
  • Bitpie Wallet supports multiple crypto assets, including Bitcoin (BTC), Ethereum (ETH), and its ERC-20 tokens.

  • How to submit an on-chain governance proposal?
  • Users holding governance tokens can initiate proposals on the corresponding governance platform and submit relevant content, which can only be implemented after being approved by a community vote.

    Through an in-depth analysis of the on-chain governance tokens supported by Bitpie Wallet, it can be seen that governance tokens not only drive the decentralized governance of blockchain ecosystems, but also enable better community participation and contribution. Mastering the use of governance tokens will also become an important aspect of digital asset management in the future.

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