As a governance token, MELT is used by its holders to vote on changes to parameters inside of the Defrost Finance Protocol, like Stability Fees, the H2O Savings Rate, liquidity mining incentives, Minimum Collateral Ratio and many others. Voting is also used to make decisions on the non-technical aspects of the protocol like acceptable LP lists for minting H2O, governance processes, and even electing individuals to fill specific roles.