> For the complete documentation index, see [llms.txt](https://lemma-support.gitbook.io/lemma/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://lemma-support.gitbook.io/lemma/concepts-overview/dao.md).

# DAO

## Lemma token & governance

Lemma will issue LEMMA tokens to manage governance for the stablecoin. Holders will be able to set risk parameters, prioritize the roadmap and propose new features, amongst other things. A few example include:

* Deciding which cryptocurrencies should be used to back USDL as well as set debt ceilings for each one.
* Deciding which derivative dexes’ perpetual contracts should be used for USDL and set risk parameters for each one.
* Deciding how long USDL stakers have to wait in order to unstake their USDL (initially there will be a wait period of 8 hours).
* Deciding what percentage of the yield should be allocated towards the user vs. the treasury. 

## Treasury & insurance fund

Routing yield towards the treasury / insurance fund will help increase the security of the stablecoin & help mitigate some of the risks mentioned in the next section. As such a percentage (initially 30%) of the profits generated by the basis trading vault will be allocated to the treasury / insurance fund.