> 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/forms-of-adx.md).

# Forms of ADX

### Forms of $ADX <a href="#forms-of-adx" id="forms-of-adx"></a>

**$ADX exists in 4 forms: Liquid, Staked, Locked Stake, and Vesting**

* <mark style="color:purple;">**Liquid $ADX**</mark> exists in user wallets, is freely tradable, but does not vote, get USDC revenue, or get ADX rewards
* <mark style="color:purple;">**Staked $ADX**</mark> votes, gets USDC revenue, and is able to be unstaked at any time.
* <mark style="color:purple;">**Duration Lock $ADX**</mark> votes, gets USDC revenue, and gets $ADX token rewards -- including multipliers the longer you lock your staked $ADX.  <mark style="color:red;">**You have the ability to "early exit" any locked $ADX, but you will take a 5-40% reduction to your collateral based on time left on the duration lock period.**</mark>
* <mark style="color:purple;">**Vesting $ADX**</mark> is reserved for team and investors. Vesting ADX unlocks linearly over 2 years after TGE (except for the first 3 months, where there is 0 vesting). Vesting ADX votes but doesn't get USDC revenue or ADX rewards

<table data-header-hidden><thead><tr><th width="190"></th><th width="151"></th><th></th><th width="172"></th><th></th></tr></thead><tbody><tr><td></td><td>Liquid $ADX</td><td>Staked $ADX</td><td>Duration Lock $ADX</td><td>Vesting $ADX</td></tr><tr><td>USDC rev share</td><td><span data-gb-custom-inline data-tag="emoji" data-code="274c">❌</span> No</td><td><span data-gb-custom-inline data-tag="emoji" data-code="2705">✅</span> Yes</td><td><span data-gb-custom-inline data-tag="emoji" data-code="2705">✅</span> Yes</td><td><span data-gb-custom-inline data-tag="emoji" data-code="274c">❌</span> No</td></tr><tr><td>Governance votes</td><td><span data-gb-custom-inline data-tag="emoji" data-code="274c">❌</span> No</td><td><span data-gb-custom-inline data-tag="emoji" data-code="2705">✅</span> Yes</td><td><span data-gb-custom-inline data-tag="emoji" data-code="2705">✅</span> Yes</td><td><span data-gb-custom-inline data-tag="emoji" data-code="2705">✅</span> Yes</td></tr><tr><td>ADX emissions</td><td><span data-gb-custom-inline data-tag="emoji" data-code="274c">❌</span> No</td><td><span data-gb-custom-inline data-tag="emoji" data-code="274c">❌</span> No</td><td><span data-gb-custom-inline data-tag="emoji" data-code="2705">✅</span> Yes</td><td><span data-gb-custom-inline data-tag="emoji" data-code="274c">❌</span> No</td></tr><tr><td>Multipliers</td><td><span data-gb-custom-inline data-tag="emoji" data-code="274c">❌</span> No</td><td><span data-gb-custom-inline data-tag="emoji" data-code="274c">❌</span> No</td><td><span data-gb-custom-inline data-tag="emoji" data-code="2705">✅</span> Yes</td><td><span data-gb-custom-inline data-tag="emoji" data-code="274c">❌</span> No</td></tr></tbody></table>

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


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