# Token Economics Overview

* LVL = Utility Token
  * Fair Launch of LVL - there were no private sales or seed rounds
  * Receive LVL by becoming an LLP, trading on the platform, or bidding in Auctions
  * Stake LVL in LVL DAO Staking or bid through LVL Auctions to receive LGO
  * Stake in LVL Yield Staking to earn 10% of protocol revenue
  * Stake LVL to earn Fee Credits for trading and trade for free
* LGO = Governance Token
  * No pre-mining or pre-allocation of LGO
  * Asset Manager and Decision-Maker of the LEVEL DAO
  * Receive LGO through LVL DAO Staking or LGO Auctions
  * Redeem LGO against Liquid Treasury Assets
  * Stake to earn 10% of the daily protocol revenue

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