# Tokenomics ## SAIL & veSAIL SailFish employs two tokens for its utility and governance functions: * **$SAIL:** An ERC-20 utility and reward token for the protocol. * **$veSAIL:** An ERC-20 governance token for the protocol. $SAIL is used to reward liquidity providers through emissions, while $veSAIL is designated for governance. Any $SAIL holder can vote-escrow their tokens to receive an equivalent amount of $veSAIL at any time. There is no lock-up period, and each $veSAIL token carries equal voting power. Conversion from $SAIL to $veSAIL is always available but irreversible. However, $veSAIL can be liquidated at any time through the $SAIL/$veSAIL pair on SailFish. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://vedex.gitbook.io/docs/getting-started/tokenomics.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.