> For the complete documentation index, see [llms.txt](https://docs.otomic.org/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.otomic.org/how-it-works/dao-and-tokens.md).

# DAO and tokens

The Otomic ecosystem has many stakeholders, including users, LP nodes, relays, and developers. They form a DAO (Decentralized Autonomous Organization) to govern the project’s economic distributions and future directions. 

### Tokens

The DAO incentivizes community contribution through the [OBT token](/tokenomics/the-fair-launched-obt-token.md). OBT is a fair launch token and its value is backed by the DAO treasury funded by protocol fees ([see below](#treasury)). It is rewarded to community contributors such as the LP nodes and developers.

DAO members are holders of the [OBD token](/tokenomics/obd-token-and-governance.md). Staked OBDs can vote on DAO proposals, and earn OBT rewards. The Otomic DAO provides staking and voting contracts and a web UI for stakeholders to participate in the governance. The DAO controls the collection and distribution of protocol fees and emissions of the OBT tokens.

### Treasury

The DAO has a treasury funded by the protocol fee, which is 0.04% from each transaction. The use of treasury funds is governed by the [OBD governance token holders](/tokenomics/obd-token-and-governance.md) for two explicitly defined purposes.

* The treasury can provide liquidity for OBT tokens, including buying back OBT tokens when the price falls below 0.05 USDT.
* The treasury can fund technical and business developments of the protocol.