> 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