# NOTE NOTE is an [ERC-20](https://github.com/ethereum/EIPs/blob/master/EIPS/eip-20.md) token that governs the Notional protocol. NOTE holders can propose, vote on, and implement changes to Notional system parameters and smart contracts. Each NOTE holder gets one vote per NOTE that they hold. ### Contract Addresses Ethereum: 0xCFEAead4947f0705A14ec42aC3D44129E1Ef3eD5 Arbitrum: 0x019bE259BC299F3F653688c7655C87F998Bc7bC1 ### NOTE Holder Responsibilities NOTE holders will be responsible for managing the Notional on-chain treasury, setting risk and collateralization parameters, and voting on any proposed upgrades to the Notional smart contracts. Here is a short, non-exhaustive list of things NOTE holders will need to propose and vote on: * Setting liquidity fees * Setting collateral haircuts * Onboarding new collateral types * Activating new maturities for lending and borrowing different assets * Determining liquidity incentive emission rates for different currencies * Proposing and evaluating upgrades to the protocol ### Voting and Delegation Currently NOTE voting is done via [Snapshot](https://snapshot.org/#/notional.eth), for more on Governance visit the [Notional governance forum](https://forum.notional.finance/). --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.notional.finance/notional-v3/governance/the-note.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.