> For the complete documentation index, see [llms.txt](https://adrena.gitbook.io/adrena/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://adrena.gitbook.io/adrena/tokenomics/adx.md).

# ADX

<figure><img src="/files/wISbbrBR0FD9MIvBlnQk" alt=""><figcaption></figcaption></figure>

ADX is Adrena's revenue share and governance token that is freely tradable on the open market. It is designed to align holders with the long term success of the protocol by conferring direct economic and control benefits.

**Contract Address:** [<mark style="color:red;">**AuQaustGiaqxRvj2gtCdrd22PBzTn8kM3kEPEkZCtuDw**</mark>](https://solscan.io/token/AuQaustGiaqxRvj2gtCdrd22PBzTn8kM3kEPEkZCtuDw)

#### Economic benefit <a href="#economic-benefit" id="economic-benefit"></a>

ADX entitles the holder to receive a direct share of 20% of fees. This revenue is distributed to ADX holders in USDC. Duration Locked ADX additionally receives ADX rewards and multipliers on both USDC revenue and ADX rewards

#### Governance benefit <a href="#governance-benefit" id="governance-benefit"></a>

1 ADX = 1 vote. You must stake your $ADX to [vote on proposals](/adrena/tokenomics/adx/voting.md). You may also [Duration Lock $ADX](/adrena/tokenomics/adx/forms-of-adx.md) which receives vote multipliers for increased voting power.

#### Staking and Duration Locking <a href="#duration-locking" id="duration-locking"></a>

You may liquid stake your $ADX in order to earn $USDC, and voting rights. These can be unstaked at any time without any consequences. Duration Locking your ADX earns additional yield, rewards, and voting power multipliers based on the length of time you choose to lock. Longer locks earn more, rewarding more long term aligned holders.

#### Premature Unlocking <a href="#premature-unlocking" id="premature-unlocking"></a>

Duration Locked ADX can be prematurely unlocked by forfeiting part of principal (amount depending on the duration of the remaining lock). This forfeited ADX is automatically burned. See [Staking and Locked Stake Parameters](/adrena/tokenomics/adx/staking-and-duration-locked-parameters-for-adx.md) for more information.

#### Unstaking ADX <a href="#unstaking-adx" id="unstaking-adx"></a>

Staked ADX that isn't Duration Locked can be claimed at any time without a waiting period.


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