Option contract writer collects a fee, or premium in exchange for the right to buy or sell an asset at a future price and date
Option Buyer acquires the right to purchase or sell an asset in exchange for a premium that they pay to the writer. They have the right to purchase the asset at the said strike price on or before the option expiration
Governance tokens allow token holders to govern the blockchain protocol, and in some cases enable them to capture value directly from DeFi application usage