> For the complete documentation index, see [llms.txt](https://liquidx-3.gitbook.io/liquidx-whitepaper/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://liquidx-3.gitbook.io/liquidx-whitepaper/15.-governance.md).

# 15.  Governance

| **Contract Name**      | **Function**                                                             | **Development Phase**              |
| ---------------------- | ------------------------------------------------------------------------ | ---------------------------------- |
| LQX Token Contract     | Core token - mintable with governance approval, burn mechanism           | Phase 1 - Presale                  |
| Presale Contract       | 4-round management, USDT payment processing, automatic round transitions | Phase 1 - Presale                  |
| Vesting Contract       | TGE 10% release + monthly 3% automated unlocks                           | Phase 1 - Presale                  |
| Referral Contract      | Direct 15% USDT payout, single-level enforcement                         | Phase 1 - Presale                  |
| Yield Farming Contract | Staking management, APY by round, compound feature                       | Phase 2 - Post TGE                 |
| Lending Pool Contract  | Deposit management, borrowing, interest accrual                          | Phase 2 - Post TGE                 |
| Collateral Manager     | LTV monitoring, automatic liquidation triggers                           | Phase 2 - Post TGE                 |
| Oracle Contract        | Real-time price feeds via TWAP (Time-Weighted Average Price)             | Phase 2 - Post TGE                 |
| Revenue Distribution   | Protocol fees to LQX stakers - automated                                 | Phase 3 - Governance               |
| Governance Contract    | DAO proposals, voting, timelock execution                                | Phase 3 - Governance               |
| Treasury Multisig      | 3-of-5 community-controlled treasury                                     | <p></p><p>Phase 3 - Governance</p> |

In practical terms: LQX holders propose changes, vote on those changes, and the winning decisions are automatically executed by smart contracts. No individual or company can override the outcome of a governance vote.

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