# Governance Token UXP

The governance token UXP is required for the governance of UXD Protocol and will control decisions to be made through the UXP DAO. UXP tokenholders will be able to vote on proposals that contribute to the growth of UXD Protocol. Examples of proposals that UXP token holders can make are:

・Nominate/Add Derivative Exchanges for integration.

・Nominate/Add crypto assets to use as collateral to create the delta-neutral position.

・Adjust the distribution of the positive funding rate. 

・Propose/Implement Asset Management Strategies for the Insurance Fund.

・Propose/Implement Optimizations to UXD Protocol 

With the introduction of the [Asset Liability Management Module](/uxdprotocol/overview/uxd-basics/asset-liability-management-module-alm.md) (ALM) and the [veRev yield distribution structure](https://uxdprotocol.medium.com/introducing-verev-a-yield-distribution-mechanism-c9243fbbfe3e), UXP holders will eventually be entitled to [some portion of the yield](https://uxdprotocol.medium.com/uxd-protocol-fund-structure-dd57844892e8) from the assets held by UXD. 


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