> For the complete documentation index, see [llms.txt](https://lendefi.gitbook.io/lendefi-finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://lendefi.gitbook.io/lendefi-finance/faqs/how-is-the-project-governed.md).

# How is the project governed?

## Decentralized Governance <a href="#id-50c0" id="id-50c0"></a>

Lendefi governance, via a Decentralized Autonomous Organization (“**DAO**”), allows active participation of the token holders in the governance of the Protocol.

A pilot DAO was conducted in 2021 (see [announcement](https://medium.com/lendefi/lendefi-pilot-dao-now-live-a31e9b817fd9)) and will be the basis upon which the project's governing DAO will be created and managed.&#x20;