Governance proposals may cover any topic related to Mars; however, the exact nature of these proposalsβand the consequences of an approval or rejectionβwill vary depending on the category and topic of the proposal. The Martian Council only has binding governance power over the configurable parameters of specific copies of Mars deployed as smart contracts to Terra (Mars Smart Contracts). The Mars Smart Contracts are directly responsive to the governance decisions of the Martian Council, and therefore are under the Martian Councilβs direct control. This includes control of whether, when and how to spend MARS in the Treasury (initially 10% of MARS total token supply) and the setting of slippage caps on the Mars Smart Contracts autonomous swaps of assets to UST, governance quorum and approval thresholds, etc.