# Governance **Defi Options** is being built to function as a DAO, i.e., a decentralized autonomous organization. Protocol settings are embedded into the smart contracts and can be managed by governance token holders, which can submit proposals for updating these settings values. Once submitted proposals go through a voting cycle. If the majority of participants vote in favor of the proposal it gets executed and changes are applied to the protocol. Otherwise, if the proposal doesn't get enough votes for approval, it's marked as rejected resulting in no change to the protocol. --- # Agent Instructions: 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: ``` GET https://docs.defioptions.org/protocol/governance.md?ask= ``` The question should be specific, self-contained, and written in natural language. 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.