> For the complete documentation index, see [llms.txt](https://docs.sandclock.org/current/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.sandclock.org/current/quartz-and-the-dao/quartz.md).

# QUARTZ

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Reading about the [DAO's Philosophy](/current/quartz-and-the-dao.md#philosophy) is heavily recommended.
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## Governance <a href="#governance" id="governance"></a>

Token holders participate in governance and have control over protocol parameters and $QUARTZ distribution.

For more details, check out [Governance](/current/quartz-and-the-dao/governance.md).

## Fee Capture

Sandclock's metavaults charge a performance fee over the yield generated. **The fee is owned by QUARTZ holders.**

However, instead of using it for immediate value accrual, this capital is redeposited to the protocol as a SPONSOR and thus, **the yield generated by this capital is used to boost all deposits,** thereby creating a positive feedback loop, attracting more capital, and therefore, more fees.

<figure><img src="/files/voeGeTlNw6Tj66wqxmsA" alt=""><figcaption></figcaption></figure>

In the future, if the DAO desires, a rageQuit() function can be implemented, where burning QUARTZ will withdraw a proportional amount of the treasury to the account owner.

Other value accrual mechanism will be also be considered, pending a DAO vote.