# Tokenomics ## **General Info** YEL token address: 0x949185D3BE66775Ea648F4a306740EA9eFF9C567 Total Initial Circulating Supply: 280,739,085 YEL and 🔥 Available Chains (11): Ethereum, BSC, Base, Blast, Polygon, Optimism, Avalanche, Arbitrum, Fantom, Sonic and Berachain. ## **Utility, Deflationary & Governance Token** ### Utility The token serves several functions: * Utilization of YEL Token. Wrap YEL in lYEL Potions to earn Holder's APR; * Exclusive Access. Certain products & features, such as Arbitrage Feed, are available only to YEL Holders; * Future Utilities. Additional features, such as lYEL Bridge staking and Arbitrage Bot Staking, or other. ### Deflationary Outside of market conditions, constant buy pressure and burning mechanisms embedded in our fees create continuous demand for the YEL token and implement a deflationary nature into our tokenomics. The following instruments support our tokenomics: * Buy Back Mechanism in Potions. With each wrap and unwrap fee collected from potion usage, a significant portion of these fees is used to buy back YEL from the market and distribute it to LP stakers; * Burn Mechanism in Potions. Some potion fees are burned permanently, making YEL deflationary; * No Emissions Planned. No new tokens will be emitted. ### **Governance**‍ YEL is a Decentralized Autonomous Organization (DAO) and the YEL token is its governance token, therefore, all decisions and proposals will be agreed by the majority of holders. Buying and holding YEL grants users voting power. The more YEL held, the more voting power users have on proposals. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://yield-enhancement-labs.gitbook.io/yield-enhancement-labs/about-yel/tokenomics.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.