> For the complete documentation index, see [llms.txt](https://docs.level.finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.level.finance/tokenomics/token-economics-overview.md).

# 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

<figure><img src="https://133323373-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FFJ6zbXbgFXVZp3qunySS%2Fuploads%2FSxjmDexoRRHhLZS5b4MI%2FMicrosoftTeams-image%20(84).png?alt=media&amp;token=ad37889f-f1b3-4b03-88f6-02d02b9bdc79" alt=""><figcaption></figcaption></figure>