A governance vote is a mechanism that allows stakeholders in a blockchain project to participate in decision-making processes. This often involves voting on proposals that can affect the future direction of the project, including updates, changes to protocols, or allocation of resources.Typically, holders of the project’s tokens can cast votes based on the number of tokens they possess. This means that those with a larger stake in the project have a greater influence on the outcome. Governance votes can take various forms, such as on-chain votes, where results are recorded directly on the blockchain, or off-chain votes that may require additional steps for confirmation. This democratic approach aims to ensure that the community has a say in the evolution of the project, encouraging more engagement and fostering a sense of ownership among participants. However, challenges like voter apathy or centralization of power can arise, which some projects attempt to address through different governance models.