> For the complete documentation index, see [llms.txt](https://docs.raxprotocol.xyz/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.raxprotocol.xyz/token-and-governance/governance.md).

# Governance

Governance will enable $RAX token holders to participate in decisions that shape the protocol's parameters, strategies, and evolution.

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#### Scope of Governance <a href="#id-8eb337c2-76c8-4a93-9b5b-fa2f428c6321" id="id-8eb337c2-76c8-4a93-9b5b-fa2f428c6321"></a>

Governance decisions may include: protocol parameter changes (fee structures, default mandate limits), approval of new strategy adapters, modifications to the tier system and access requirements, allocation of protocol revenue, and strategic direction.

#### Design Principles <a href="#id-25e3ba99-40c8-4ab4-bd57-97747929d9e6" id="id-25e3ba99-40c8-4ab4-bd57-97747929d9e6"></a>

* Proposals require sufficient support before reaching a vote
* Voting power may be weighted by staking duration and amount
* Critical changes require higher thresholds than routine adjustments
* A timelock or delay period may apply before approved changes take effect

#### Current Status <a href="#id-0b85b726-6b7d-46ef-81cc-d262c420f255" id="id-0b85b726-6b7d-46ef-81cc-d262c420f255"></a>

Governance is under development. The governance UI in the application shows preview proposals to illustrate the planned experience. No binding governance votes are active at this time.