# Token Utility

### The utility of the token is two-fold;

* Governance: RGP token holders will be able to vote on product features, token utility, types of auctions and even decide which projects will be added or featured on the platform.
* Fees: Transaction fees on the Rigel Dapps paid in $RGP

Other forms of utility include the following:

### Yield Farming, Smart Swapping, and Margin Trading&#x20;

Farming pools, swapping, and trading on the Rigel Protocol Platform will incur a fee deducted in $RGP. Liquidity providers will receive APY (Annual Percentage Yield) in $RGP when joining the corresponding pools.

### Governance

The Rigel Protocol governance ecosystem aims to build a solid and sustainable protocol for development and usage. RGP holders will be able to vote for ecosystem initiatives, new features and development, liquidity rewards distribution specifications, and other applications.

&#x20;RGP holders need to stake $RGP to be able to vote and to submit proposals. Proposals will be first discussed off-chain on the Rigel Protocol governance platform. The idea of this pre-voting mechanism is to promote proposal discussion before on-chain submission.

Once the proposal is ready to be submitted, there will be an on-chain vote. Every winning proposal is implemented


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