Fast answer
Governance token checks need voting power, quorum, treasury, emissions, unlock schedule, protocol control, liquidity, and records.
Before treating a governance token as a protocol-quality signal, record voting power, proposal process, quorum, delegation, treasury, token emissions, unlock schedule, liquidity, and whether the token controls real protocol parameters.
No guaranteed yield exists; staking, lending, liquidity provision, and reward programs all need lockup, smart-contract, market, liquidity, tax, and withdrawal-risk checks.
Yield checks
What to inspect in governance-token records.
Voting power
Record whether voting is active, delegated, concentrated, or mostly symbolic.
Treasury and emissions
Token value can be affected by incentives, treasury use, and future emissions.
Unlock schedule
Upcoming unlocks can change supply and market pressure.
Protocol control
Not every governance token controls fees, risk parameters, or upgrades in the same way.
Source context
Aave and Compound documentation show that governance and risk parameters can affect protocol behavior.
CSR reviews governance tokens by the controls they actually influence and the supply events that can affect market risk.
Review standard
A reviewable governance-token file links voting evidence to token-supply evidence.
For CSR evidence review, Crypto Governance Token Risk Guide records should preserve asset, chain, protocol, wallet or exchange, reward source, fee, lockup or withdrawal rule, smart-contract exposure, slashing or liquidation rule, transaction hash, and final outcome.