Table of Contents

Table of Contents

5 - The $PACT token

5.1 - Token Overview

$PACT is a governance token developed to support a decentralized, on-chain lending protocol. The tokenomics are designed to encourage long-term holding of $PACT in the ecosystem, with incentives to stake for longer periods. When staking, holders receive a synthetic token, vePACT, which gives governance rights and enables them to receive periodic rewards determined by the protocol.

More details about the $PACT token are in our Tokenomics here.