Spectra is a decentralized, community-governed protocol by the APW token holders. They can discuss, propose and vote on upgrades. Any APW holder can lock their tokens to convert into veAPW.
Lock APW for up to 2 years to receive veAPW with voting power that increases with longer lock duration. Voting on gauges entitles you to rewards as a share of incentives and fees for helping govern how emissions are distributed.