> For the complete documentation index, see [llms.txt](https://apollo-protocol.gitbook.io/apollo-protocol/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://apollo-protocol.gitbook.io/apollo-protocol/tokenomics/native-token.md).

# Native token

<figure><img src="/files/p5DCRnYoQXmWZEm2cVFX" alt=""><figcaption></figcaption></figure>

The native token of Apollo Protocol is the APOLLO token. The APOLLO token serves the purpose of governance, staking, farming and protocol rewards.

Additionally, 60% of the collected fees (from [Reserve Factor](/apollo-protocol/assets/risk-parameters.md#reserve-factor)) will be utilized for the buyback of APOLLO tokens and their transfer to the Apollo treasury.


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