‘Governance Tokens’ enable users to vote on the future of decentralized protocols, sure, but they also present fresh ways to entice assets onto protocol. ETL is used to run on-chain governance mechanisms for EtherLite. It will enable users to vote on the future of EtherLite. Governance truly makes EtherLite a decentralized protocol.
Governance parameters like minimum number of ETL to be held to submit a proposal or percentage of total supply to vote 'Yes' to reach quorum threshold or Number of days time lock delay on execution etc. will be announced soon!