> ## Documentation Index
> Fetch the complete documentation index at: https://docs.cove.finance/llms.txt
> Use this file to discover all available pages before exploring further.

# Governance

> Details about protocol governance

<img className="block dark:hidden" src="https://mintcdn.com/stormlabs/qew6jsW71Sw-JZvn/images/headers/light-governance.svg?fit=max&auto=format&n=qew6jsW71Sw-JZvn&q=85&s=76c5369ea4b85ce5025d64ce4b72260b" alt="Governance Light" noZoom width="1065" height="383" data-path="images/headers/light-governance.svg" />

<img className="hidden dark:block" src="https://mintcdn.com/stormlabs/qew6jsW71Sw-JZvn/images/headers/dark-governance.svg?fit=max&auto=format&n=qew6jsW71Sw-JZvn&q=85&s=9ec3c8f5774574402164037300d1c900" alt="Governance Dark" noZoom width="1065" height="383" data-path="images/headers/dark-governance.svg" />

## Governance

At launch, governance will be controlled as follows:

* \$COVE token holders via Snapshot
  * Enabling transfers for \$COVE
  * Fee switches and settings
  * Funds in the DAO treasury
* Community multisig with input from Gauntlet and core contributors
  * All other operational admin key functionality (parameters, etc.)

Fully onchain governance (e.g. [Llama](https://llama.xyz/), [OpenZeppelin
Governor](https://docs.tally.xyz/education/governance-frameworks/openzeppelin-governor),
SafeSnap
[Reality](https://docs.snapshot.org/user-guides/plugins/safesnap-reality) /
[oSnap](https://docs.snapshot.org/user-guides/plugins/safesnap-osnap)) will be
launched prior to \$COVE being unpaused, at which point the community multisig
will be sunset and the protocol will be completely controlled by token holders.

### Process

\$COVE token holders can vote on proposals. Initially, the proposals will be on
[Snapshot](https://vote.cove.finance/), which the community multisig will then
enact. [Discourse](https://gov.cove.finance/) will be the platform for
discussion of the proposals.

<Frame caption="The Cove governance process">
  <img src="https://mintcdn.com/stormlabs/qew6jsW71Sw-JZvn/images/governance-process.svg?fit=max&auto=format&n=qew6jsW71Sw-JZvn&q=85&s=0071457438f8de0d006765dd73e4812b" alt="Governance Process" width="1200" height="675" data-path="images/governance-process.svg" />
</Frame>

### Community Multisig

The community multisig is a 3/7 [Safe](https://safe.global/) which can be found
[here](https://app.safe.global/home?safe=eth:0x7Bd578354b0B2f02E656f1bDC0e41a80f860534b).
The signers are:

| Name                                                 | Affiliation                        | Address                                      |
| ---------------------------------------------------- | ---------------------------------- | -------------------------------------------- |
| [scoopy trooples](https://twitter.com/scupytrooples) | [Alchemix](https://alchemix.fi/)   | `0xf872703F1C8f93fA186869Bac83BAC5A0c87C3c8` |
| [DeFi Dude](https://twitter.com/defidude)            | [Builda](https://builda.dev/)      | `dude.eth`                                   |
| [0xtoucan](https://twitter.com/0xtoucan)             | [The Graph](https://thegraph.com/) | `0x88cD106fd4002921D71358455ff95c1Af8b951B7` |
| [lowpolyduck](https://twitter.com/lowpolyduck)       | [Mezo](https://mezo.org/)          | `lowpolyduck.eth`                            |
| [Facu](https://twitter.com/saltyfacu)                | [Yearn](https://yearn.fi/)         | `0x114fC13bDf5FEFd6D83Ea17d7B4ce7447712F08c` |
| [corn](https://twitter.com/omgcorn)                  | [Yearn](https://yearn.fi/)         | `0xF53D1fB2EeD22Cf1E8f7E90Da7f1CAe88344065F` |
| [Schlag](https://twitter.com/Schlagonia)             | [Yearn](https://yearn.fi/)         | `0xB865AAf1f9f60630934739595f183C4900f65ed9` |

### Yearn Governance

The community multisig will vote in line with recommendations from Gauntlet.
Gauntlet has developed models to optimize the protocol's gauge votes and fees.

<Frame caption="Cove delegates veYFI voting power to the community multisig">
  <img src="https://mintcdn.com/stormlabs/qew6jsW71Sw-JZvn/images/snapshot-explainer.svg?fit=max&auto=format&n=qew6jsW71Sw-JZvn&q=85&s=1cd677a22922a94e0dd098f7ec207d9c" alt="Snapshot Explainer" width="1200" height="675" data-path="images/snapshot-explainer.svg" />
</Frame>