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

# Overtime Governance

Overtime has a Delegated Governance structure that reflects $OVER token community's desire to trade sports markets without relying on a centralized entity. The token holders are the ones that hold governing power by electing Overtime Council members every 6-month epoch.  

<table data-view="cards"><thead><tr><th></th><th></th><th></th><th data-hidden data-card-target data-type="content-ref"></th><th data-hidden data-card-cover data-type="files"></th></tr></thead><tbody><tr><td>Read Overtime TIPs</td><td></td><td></td><td><a href="https://github.com/thales-markets/thales-improvement-proposals">https://github.com/thales-markets/thales-improvement-proposals</a></td><td><a href="/files/r5aZcsu0g3ojYhV7mHR4">/files/r5aZcsu0g3ojYhV7mHR4</a></td></tr><tr><td>Vote for Overtime Council Positions</td><td></td><td></td><td><a href="https://thalesmarket.io/governance">https://thalesmarket.io/governance</a></td><td><a href="/files/1B1immXFD6KCDUdQlSDo">/files/1B1immXFD6KCDUdQlSDo</a></td></tr></tbody></table>

#### Overtime Council

The Overtime Council consists of 5 community members that have been voted in by $OVER holders and serve a 6 month epoch. This process is **fully onchain and transparent**, gives everyone the same access to council positions, and encourages rotation among candidates.  The community then creates, vets and submits **Overtime Improvement Proposals (OIPs)** which the Overtime Council review and vote on. &#x20;

<figure><img src="/files/KWZTOWKIVVDb9i2OBEA3" alt=""><figcaption></figcaption></figure>

#### OIPs

The Overtime DAO deploys any new or updated smart contracts required by a successful OIP.  They are submitted by community members and reviewed/approved by the Overtime Council.