> For the complete documentation index, see [llms.txt](https://nebula-18.gitbook.io/nebula/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://nebula-18.gitbook.io/nebula/product-feature/user-roles/governance-participants.md).

# Governance Participants

## Governance Participants

### Role and Function

* Protocol Governance: Governance participants hold Nebula tokens and actively engage in shaping the protocol's evolution. They propose, discuss, and vote on changes to parameters, features, and policies.
* Voting Mechanisms: The governance model incorporates quadratic voting and delegated governance, ensuring that decision-making power is distributed fairly among participants and that experts can contribute effectively.

### Benefits

* Influence and Control: Participants have a direct impact on the protocol's direction, including the introduction of new assets, adjustments to interest rate models, and enhancements to security measures.
* Incentivized Participation: Active governance participants receive Nebula token rewards, recognizing their contributions and encouraging ongoing engagement.

Community Building: By participating in governance, users become integral members of the Nebula community, fostering collaboration and shared ownership.