> 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/15.1-dao-governance-rules.md).

# 15.1  DAO Governance Rules

* Any LQX holder with at least 100,000 LQX can submit a governance proposal
* Each proposal has a 7-day voting period - accessible to all token holders
* Simple majority (>50%) passes routine proposals (APY adjustments, minor parameter changes)
* Supermajority (>66%) required for major changes (fee structure, new collateral types, treasury disbursements)
* Approved proposals execute after a mandatory 48-hour timelock - giving the community time to react


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