> For the complete documentation index, see [llms.txt](https://docs.hk.chat/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.hk.chat/governance.md). # Governance YOHO is an ERC-20 token that governs the key parameters of HK.Chat DAO. These parameters determine the growth and development of the community. Most of the decisions made by HK.Chat DAO have publicly available outcomes, ensuring that all decisions are well-informed and properly communicated with the wider community. ## Governance Process #### Phase 1 - DAO forum All ideas and proposals are initially published on the DAO forum. The point of this is to receive community feedback. All the proposals go through a phase of improvements and objections. If the proposal is welcomed & feedback is incorporated, it can move on to the next step. Discussion Timeframe: Minimum 7 days Forum: [Go to DAO forum](https://meta.hk.chat/c/dao/160) #### Phase 2 - Snapshot The second phase is conducted through gas-less Snapshot voting. Community members who are delegated a minimum number of tokens are able to submit proposals that will be subject to a 14-day voting period. After the 14 days, if the proposal receives support from a majority of the participating votes, with a minimum of 10M YOHO yes votes. Proposal Threshold: 100,000 YOHO Voting Delay: 2 days Voting Period: 14 days Quorum: 10M YOHO Forum: [Go to snapshot](https://snapshot.org/#/hkchat.eth) ## Governance Powers Community governance has the power to control the protocols' value accrual and distribution * Carry out the voting results that have already been approved. * Setting the hourly token acquisition rate for staking AI Keys after 90 days. * Issue [Community Fund](/community-fund.md) --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter: ``` GET https://docs.hk.chat/governance.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.