> ## Documentation Index
> Fetch the complete documentation index at: https://docs.treasure.lol/llms.txt
> Use this file to discover all available pages before exploring further.
# Governance
> Treasure operates as a decentralized autonomous organization (DAO) governed by staked MAGIC holders who dictate the future of the ecosystem.
Where to go to discuss new proposals and review formalized Treasure
Improvement Proposals (TIPs).
Where to go to vote on proposals for implementation by the DAO.
# Governance Process
Treasure DAO Improvement Proposals ("TIP") can be submitted via our Treasure DAO [Governance Forum](https://forum.treasure.lol) to gauge interest and spark healthy conversation. Discussion can be continued in our dedicated channel in our Discord entitled `#governance-chat`.
If positive feedback is reached during the initial temperature check phase and sufficient community engagement has been achieved, proposals are moved to formal Snapshot voting which will ratify proposals for implementation by the DAO.
Typically, voting lasts 24-48 hours but may be longer depending on the proposal.
## Who can vote on governance proposals?
Only holders of gMAGIC are granted voting power to vote in the Snapshot phase.
## What is gMAGIC?
Governance MAGIC (or "gMAGIC") introduces concepts from the veCRV model where governance rights are weighted towards community members who commit and support the longer term success of the DAO.
**gMAGIC is derived from the following:**
* (A) Stakers in the [Bridgeworld Harvesters](https://bridgeworld.treasure.lol/harvesters) or the TreasureDAO [Governance Staking](https://governance-staking.treasure.lol/) contract, and holders of [MAGIC-ETH SLP on Sushiswap](https://www.sushi.com/pool/42161%3A0xb7e50106a5bd3cf21af210a755f9c8740890a8c9) on Arbitrum One.
* (B) Holders of all listed [Magicswap](https://magicswap.lol/) LP tokens and stakers in Beefy’s mooSushiMAGIC-ETH vault or Balancer’s 50% MAGIC / 50% USDC weighted pool.
gMAGIC automatically adjusts for new positions in each of the above methods. gMAGIC is calculated on a 1:1 basis in (A) and 0.5 ratio in (B) (50% of MAGIC amount) which governs your voting power during the Snapshot phase.
Liquid MAGIC (e.g. unstaked or uncommited MAGIC) does NOT count towards governance.
## Snapshot Voting
To participate in voting, you'll need to connect your wallet to our [Snapshot](https://vote.treasure.lol) and your gMAGIC holdings will automatically appear. You must be connected to the Arbitrum network.
The TIP will be ratified when quorum is reached with a **greater than or equal to 75%** vote 'FOR' in the Snapshot vote.
# DAO Treasury & Multisigs
Please refer to the `multisigs` repository on the Treasure GitHub for an up-to-date list of all DAO-owned multisigs: [https://github.com/TreasureProject/public-resources](https://github.com/TreasureProject/public-resources)
# DAO Reporting
As part of [TIP-26](https://forum.treasure.lol/discussion/11263-tip26-increase-transparancy-and-accountability), the Treasure council has committed to providing the TreasureDAO community with quarterly reports that cover the state of DAO operations and financials while also providing greater visibility into high-level roadmap and key initiatives that the core contributor team are undertaking.
Reports will be published on a recurring basis within forty-five (45) days after the end of each quarter. In these reports, the following details will be provided:
* Current DAO treasury balance reported by tokens held and amount;
* Revenue generated through the marketplace, first-party games, Magicswap, and other revenue streams;
* Details pertaining to any conversion of MAGIC from revenue through the self-funding treasury management initiative in partnership with Flowdesk; and
* Summary of operational expenses and other business costs (payroll, partnerships, technology, legal expenses, etc.).
For all reports published to-date, [see
here](https://forum.treasure.lol/).