> For the complete documentation index, see [llms.txt](https://triple-plus-global.gitbook.io/tpt-whitepaper/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://triple-plus-global.gitbook.io/tpt-whitepaper/undefined/governance.md).

# Governance

## Current Operations

During the growth phase, the protocol operates with centralized governance:

| Aspect                      | Current Approach          |
| --------------------------- | ------------------------- |
| **Decision Making**         | Core team                 |
| **Smart Contract Upgrades** | Multi-sig controlled      |
| **Risk Parameters**         | Team with community input |
| **Treasury**                | Team managed              |

This ensures rapid iteration and response to issues while the protocol establishes product-market fit.

***

## Progressive Decentralization

{% @mermaid/diagram content="flowchart LR
P1\["Phase 1<br/>Team Governance"] --> P2\["Phase 2<br/>Token Voting"] --> P3\["Phase 3<br/>Full DAO"]

```
P1 -.- P1a["Centralized<br/>decisions"]
P2 -.- P2a["Community<br/>proposals"]
P3 -.- P3a["On-chain<br/>execution"]" %}
```

***

## Phase 1: Team Governance (Current)

| Aspect              | Implementation              |
| ------------------- | --------------------------- |
| **Decisions**       | Made by core team           |
| **Community Input** | Forums, Discord, feedback   |
| **Transparency**    | Public announcements        |
| **Multi-sig**       | 3-of-5 for contract changes |

### How to Participate Now

* Join Discord discussions
* Provide feedback on proposals
* Report issues and suggestions
* Participate in community calls

***

## Phase 2: Token Voting

| Aspect              | Implementation                 |
| ------------------- | ------------------------------ |
| **Proposal System** | Token holders submit proposals |
| **Voting**          | TPT-weighted voting            |
| **Quorum**          | Minimum participation required |
| **Team Veto**       | Reserved for security issues   |

### Proposal Process

{% stepper %}
{% step %}

### Discussion

Community discusses the idea.
{% endstep %}

{% step %}

### Draft

Formal proposal is written.
{% endstep %}

{% step %}

### Review

Team reviews feasibility.
{% endstep %}

{% step %}

### Vote

Token holders vote.
{% endstep %}

{% step %}

### Implementation

Team executes if passed.
{% endstep %}
{% endstepper %}

### Voting Parameters (Proposed)

| Parameter      | Value                  |
| -------------- | ---------------------- |
| Voting period  | 5-7 days               |
| Quorum         | \[TBD]% of staked TPT  |
| Pass threshold | >50% approval          |
| Time-lock      | 48 hours post-approval |

***

## Phase 3: Full DAO

| Aspect                 | Implementation                           |
| ---------------------- | ---------------------------------------- |
| **On-chain Execution** | Approved proposals execute automatically |
| **Treasury Control**   | DAO controls protocol treasury           |
| **No Team Veto**       | Community has final say                  |
| **Elected Councils**   | Specialized committees                   |

### DAO Structure (Vision)

{% @mermaid/diagram content="flowchart TB
TH\["Token Holders"] --> GOV\["Governance"]
GOV --> RC\["Risk Council"]
GOV --> TC\["Treasury Council"]
GOV --> DC\["Development Council"]

```
RC --> RP["Risk Parameters"]
TC --> TF["Fund Allocation"]
DC --> UP["Upgrades"]" %}
```

***

## Governance Scope

Token holders will eventually govern:

| Parameter           | Description                                | Phase   |
| ------------------- | ------------------------------------------ | ------- |
| **Fee Rates**       | Platform fees for listings and settlements | Phase 2 |
| **Risk Thresholds** | Exposure limits, debtor requirements       | Phase 2 |
| **Asset Classes**   | Approval of new asset types                | Phase 2 |
| **Treasury**        | Allocation of protocol revenue             | Phase 3 |
| **Upgrades**        | Smart contract modifications               | Phase 3 |

***

## Governance Principles

### Transparency

* All proposals public
* Voting results on-chain
* Discussion forums open

### Inclusivity

* Any token holder can propose
* Low barriers to participation
* Multiple discussion channels

### Security

* Time-locks on changes
* Emergency procedures
* Gradual rollout of powers

### Accountability

* Clear roles and responsibilities
* Regular governance reports
* Elected positions have terms

***

## Timeline

| Milestone               | Target  |
| ----------------------- | ------- |
| Phase 1 (Current)       | Now     |
| Community forums launch | Q1 2026 |
| Phase 2 voting begins   | Q3 2026 |
| DAO structure proposal  | Q4 2026 |
| Phase 3 transition      | 2027    |

{% hint style="info" %}
Governance timeline is subject to change based on protocol maturity and community readiness.
{% endhint %}