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

# Governance

The Grizzy Fi Governance Framework defines the structured process for introducing, discussing, and approving proposals within the Grizzy Fi community. This page serves as the essential guide for how Grizzy Fi operates, fostering a decentralized environment where governance is led by the community.

A minimum of 100 tokens will be required to submit a proposal (subject to change). 

There will be 3 phases in the governance process:

  1\. Proposal phase - a proposal is submitted by a Grizzy Fi where discussion, feedback, and critique is rendered by the Grizzy Fi community. 

  2\. Voting phase - voting then takes place directly on the Grizzy Fi governance dashboard. 

  3\. Implementation phase - if the proposal gets passed, it will then go into execution mode.

Grizzy Fi's governance structure focuses on decentralized voting. Users can log in to the Grizzy Fi dashboard with their wallets and cast votes using their Grizzy Fi tokens. Votes will be displayed in real-time, accompanied by a smart contract to ensure transparency. 

The Grizzy Fi tokens gathered from the voting will be determined through another voting process with two options:

1. Burned to reduce token circulation
2. Re-distributed to active users and token holders


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