# Governance

USP backing and Piku Platform parameters are all managed by PikuDAO with sPIKU votes.

PikuDAO’s mission is to establish a fully decentralized decision-making process, to create an optimal store of value currency. 

A DAO is an optimal format for launching Piku because:

* Piku relies on the expertise of professionals, collective knowledge and the will of the community.
* DAO governance will allow the best or the most accepted ideas to shape the future direction of Piku.
* DAO will allow transparent and secure management of the Piku's token.

PikuDAO’s **core responsibilities** will be 

* Decide, manage and oversee the backing structure of Piku's yield-optimized stablecoin USP
* Decide on the fees and platform parameters 
* Give voice to experts and professionals in the economics sector
* Respond to emergencies

## PikuDAO Governance Process

DAO stakeholders and holders of sPIKU tokens govern asset backing, smart contract updates, and platform settings via proposals. 

PikuDAO will start by a simple two stage governance process: 

1\) A **preliminary discussion on Discord and proposal formulation on the Forum page which will be live soon.**

 2\) Followed by an **off-chain** [**Snapshot**](https://snapshot.box/#/s:pikudao.eth) **vote**