> For the complete documentation index, see [llms.txt](https://degenverse.gitbook.io/degenverse-docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://degenverse.gitbook.io/degenverse-docs/economic-model/token-utility.md).

# Token Utility

$DVERSE serves several core purposes within the DegenFi platform:

1. **Governance:** Holders can participate in platform governance by proposing and voting on key decisions such as adjustments to the token economy, new feature rollouts, and partner selections.
2. **Payment Asset:** Used to pay transaction fees in futures and options trading, as well as for in-game purchases and other payments in the DegenFi ecosystem.
3. **Rewards:** Users can earn $DVERSE by taking part in staking, lending, gaming, DeFi mining, and liquidity mining.
4. **Staking Asset:** Users can stake $DVERSE to borrow other assets (e.g., USDT or ETH) or secure higher loan limits or lower interest rates.