# Governance & MENTO

Mento V3 is **community-governed** through the **MENTO** token. Governance controls protocol parameters (fees, rebalance incentives, TradingLimitsV2, circuit breaker thresholds), oracle and feed configuration, pool allowlists, and Reserve policy. **veMENTO** (vote-escrowed MENTO) gives increased voting power for longer lock-ups. Protocol revenue is intended to flow to MENTO holders **indirectly** through governance-directed **MENTO token buybacks**, not through direct veMENTO revenue sharing.

**What is governed:** Protocol parameters (fee structures, risk parameters, pool configuration), oracle management (provider selection, feed configuration), and technical upgrades (contract updates, security patches, integration approvals). All decisions execute on-chain with timelocks and optional watchdog veto during the transition period.

**Next:** [Understanding Mento Governance](https://docs.mento.org/mento-v3/dive-deeper/governance-and-mento/understanding-mento-governance) — how voting and proposals work. [MENTO Tokenomics](https://docs.mento.org/mento-v3/dive-deeper/governance-and-mento/mento-tokenomics) — supply, distribution, and value accrual.