The decentralization of protocol governance needs to be phased due to development prioritizations. Upon protocol launch, the highest priority is to ensure positive performances and efficient adaptation to the ever-changing market. Leading the governance allows the MUX team to implement constant improvements faster, further helping the protocol build a steady POL foundation. When the protocol reaches a broad user base and can stably provide optimized experiences for all trades, elevating the degree of decentralization will be the new priority. Voting will be progressively introduced to the governance process, starting from major protocol updates polling, then expanding to comprehensive protocol modifications. In future phases, trust will be minimized as veMUX holders are onboard to govern and shape the protocol into a better state.