# Governance

The $CEPH Token also acts as a governance token for the Cepheus protocol. $CEPH Tokens function in the same way that $COMP Tokens do. Both tokens allow users to put forward new community-driven proposals - as well as vote for these proposals - for the betterment of their respective protocols.

DNFT holders benefit from increased govenance power. DNFTs act as a multiplier, the more DNFTs you hold the more governance power you get.

This is an important step in decentralization and will eventually pivot Cepheus from a team-owned to user-owned protocol. However, it is not necessary to hold $CEPH Tokens to participate in voting because voting power can be allocated from $CEPH token-holders to any wallet address of their choice. This wallet can belong to a person or an application - both of which may be directly involved in Cepheus or not.

Given that application wallets may be granted voting power for Cepheus, the governance system will also play a large part in protocol composability and partnerships.

All proposals are subject to a 6 day voting period. Any address with voting power can vote for or against the proposal. If a majority, and at least 250,000 votes are cast for the proposal, it is queued in the Timelock, and can be implemented after 2 days.

In other words, new proposals for Cepheus takes 6 days to vote on, followed by 2 days (at the fastest) to implement, assuming the new proposal passes.

The transition to community governance will be managed with a relentless focus on security & stability, and will follow the principle of increasing decentralization.