# 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: 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.lovelace.world/lace-token/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.