> For the complete documentation index, see [llms.txt](https://pacificdefi.gitbook.io/pacific-defi/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://pacificdefi.gitbook.io/pacific-defi/tokenomics/pacific/governance.md). # Governance ## **How do I take part in governance?** By staking $PACIFIC, a user earns the right to create proposals and vote in them. Voting power is determined by the number of $PACIFIC each user has staked. The reasoning behind this is that those holding more $PACIFIC are more invested in the project, and therefore have a larger incentive for the platform to succeed.
## **How do I vote?** Voting power is based on the amount of $PACIFIC each user has staked. We will provide our governance links shortly. ## **How do I create a proposal?** Proposals can be created by anyone who stakes $PACIFIC. To propose a topic for voting, users will need to deposit USD 100 worth of $PACIFIC as collateral. If the proposal should fail, they will lose the $PACIFIC collateral, but if the proposal passes evaluation from the council, then the vote will proceed. Each proposal is made up of a question that is asked to the community, along with the option of choices that others can vote on in response to the question. Users can set a start and end date for the proposal and publish it. Each proposal is made up of a question to pose to the community, along with the option of choices that others can vote on in response to that question. Simply set a start and end date for your proposal and publish it. ## The voting process To submit a proposal and vote within the Pacific DeFi ecosystem, a member must hold and stake the $PACIFIC token. Each token represents 1 vote within the Pacific DeFi ecosystem. To propose a topic for voting, users will need to deposit USD 100 worth of $PACIFIC as collateral. If the proposal should fail, they will lose the $PACIFIC collateral, but if the proposal passes evaluation from the council, then the vote will proceed. If the proposal receives over 51% of the votes from valid voters (staking $PACIFIC), then the depositor will receive their $PACIFIC back as well as a bonus for helping the ecosystem. **The voting timeframe:** ● 1 week for proposals ● 1 week for evaluation of proposals ● 1 week for voting of proposals ● 1 week for the implementation of proposals **$PACIFIC stakers will be allowed to propose the following changes to Pacific DeFi’s ecosystem:** ● The type of assets used to lend and borrow (e.g. USDT, USDC, DAI, ETH, BTCB) ● Adding new pages and product features ● New assets to add to the High-Yield Vaults ● Brand updates ● UX/UI improvements ● Future products to add to the pipeline