> 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/tokenomics-overview.md).

# Tokenomics Overview

Note that ALP lock staking has been discontinued. ALP is not fully liquid, fees accruing value automatically and enabling easier defi integrations.

<figure><img src="https://2570697779-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FSrdLcmUOicAVBsHQeHAa%2Fuploads%2FK2tY2G3ZMjHf5H9sM9ca%2FGroup%20123.png?alt=media&amp;token=1aa99492-c3bd-4f49-adda-63e0778e35c6" alt=""><figcaption></figcaption></figure>

#### 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

<figure><img src="https://2570697779-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FSrdLcmUOicAVBsHQeHAa%2Fuploads%2FwksrdEecd5ZgYC9vqHvs%2FFrame%201410103560.png?alt=media&amp;token=4f3afdfd-d70a-45d1-9e9e-a2ce9e28ebfd" alt=""><figcaption></figcaption></figure>

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

1 ADX = 1 vote. Duration Locked ADX additionally receives vote multipliers.