# Governance Overview

## <mark style="color:yellow;">Bring Decentralized Finance to 3 Billion people with NEP</mark>

NEPRIDAO will be owned and governed by NEP token holders. Our initial policy is for the following actions to be executed only after a successful proposal and vote:

* token swaps with existing and emerging projects.
* merging and acquisitions
* treasury allocation into various projects or independent entities (in the form of funding, liquidity support, and grants)
* updates to NEPRIDAO core protocols (including governance and treasury management functions).

We imagine that these policies will change overtime after discussions with the NEPRIDAO community.

In **Phase 1** NEPRIDAO will utilize the industry standard setup of Gnosis Safe, Gnosis Snapshot off-chain governance, and multi-sig administrators.

In **Phase 2** NEPRIDAO will look to build a custom governance module, most likely referencing on-chain upgradeable solutions such as Compound Governor Bravo.
