> For the complete documentation index, see [llms.txt](https://docs.flurry.finance/flurry-finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.flurry.finance/flurry-finance/governance/governance-approach.md).

# Governance Approach

## **From Centralized to Decentralized** <a href="#from-centralized-to-decentralized" id="from-centralized-to-decentralized"></a>

‌Flurry will begin with centralized control of the protocol (such as adding/ removing new types of yield-farming strategies, assigning risk factors to different strategies, etc) and migrate to complete community and stakeholder control over time.‌

**$FLURRY** will serve as the governance token of the Flurry Protocol. $FLURRY holders will participate in protocol governance through a decentralized voting process. Among other decisions, token holders will be able to vote on adding/removing new yield farming strategies and assigning risk factors to different strategies.

## Phased Approach <a href="#phased-approach" id="phased-approach"></a>

### **‌*****Phase 1***

‌Flurry Financial team will initiate yield-earning strategies.

### *Phase 2* <a href="#phase-2" id="phase-2"></a>

‌Launch of initial voting functions for $FLURRY token holders. Flurry Financial team and early $FLURRY holders will select best yield-earning strategies as the process to decentralization begins.‌

### *Phase 3* <a href="#phase-3" id="phase-3"></a>

‌Continued distribution of $FLURRY governance tokens to Flurry users, as voting functions are further developed and rolled out. The Flurry Financial team becomes less involved in decision making processes.‌

### *Phase 4* ‌ <a href="#phase-4" id="phase-4"></a>

Fully decentralized governance by $FLURRY token holders.‌