# Governance ## $L3 L3 is the token that will be used by the community to manage key parameters of the Layer3 Protocols. Additionally, L3 can be used by stakers to enhance their utility when utilizing Layer3 protocols and front-ends and burned by communities to deploy quests. Read more about [Staking](/staking.md). **Contract Address:** `0x88909D489678dD17aA6D9609F89B0419Bf78FD9a` **Network:** `Ethereum Mainnet` ## Protocol Cuuncil The Protocol Council is Layer3’s initial governance body, composed of long-term token holders and high-contribution users selected to help guide the protocol’s development and community direction. Rather than rushing into an inflexible DAO model, Layer3 is taking a phased approach to decentralization—starting with a curated group of stakeholders who bring meaningful context, credibility, and alignment to the table. The Protocol Council works in collaboration with the Foundation and core contributors to: * Review and refine protocol proposals * Advise on grants, features, and incentive program design * Represent the voice of active users and token holders * Co-create a scalable and transparent governance framework Membership Criteria: * Demonstrated onchain contribution (e.g., CUBE credentials) * 50,000+ L3 staked * Clear history of thoughtful participation in Layer3 governance and product feedback The Council does not replace tokenholder governance, but enhances it—ensuring governance evolves with real contributors and credible mechanisms from day one. ### Tokenholder Governance & Foundation Role The Layer3 token (L3) is a governance and utility token issued by the Layer3 Foundation, a Cayman Foundation. Token holders have governance rights over the trajectory of the Layer3 protocol and community treasury, exercised through staking and participation in the Protocol Council. The Foundation is the sole recipient of protocol revenue and holds authority over how resources are deployed to support the ecosystem. All revenue has historically accrued to the Foundation, and the Foundation is in the process of formally pledging all protocol earnings to Foundation-controlled wallets. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.layer3foundation.org/governance.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.