> For the complete documentation index, see [llms.txt](https://docs.lovelace.world/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.lovelace.world/lace-token/governance.md). # Governance $LACE tokens are a governance token that enables token holders to propose new protocol and platform updates, enhancements or changes. $LACE also allows token holders to vote on such proposals. Token holders have the option of delegating their vote to other token holders or a group if they choose. Voting is weighted by the total amount of $LACE staked in each vote. Token holders can vote on as many proposals as they wish, however staking on each vote reduces the total amount of remaining tokens available for voting. Therefore token holders should be strategic about how many tokens they wish to stake towards each proposal. Tokens are unstaked and returned to the voter at the conclusion of the vote or if voluntarily rescinds. --- # 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.lovelace.world/lace-token/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.