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

# Governance

### Introduction

The Oceanpoint protocol is governed and upgraded by BST token-holders, using two distinct components; the BST token and the [governance pool](/oceanpoint-pools/about-pool-mechanics/governance-pools/main-pool-sbst.md) ([OceanStaking](https://etherscan.io/address/0x6f1e92fb8a685aaa0710bad194d7b1aa839f7f8a#code)).  Together, these contracts allow the community to propose, vote, and implement changes. Proposals can modify system parameters, support new markets, or add entirely new functionality to the protocol.

### BST

BST is an [ERC-20](https://github.com/ethereum/EIPs/blob/master/EIPS/eip-20.md) token that allows the owner to delegate voting rights to themselve by locking it up for a certain period by using the Governance Pool.

### sBST

sBST is an [ERC-20](https://github.com/ethereum/EIPs/blob/master/EIPS/eip-20.md) token that is represeting the share of BST tokens that a user holds in the governance pool. sBST to BST are having a dynamic exchange rate due to rewards being accured in the governance pool.&#x20;


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