# Token Holders FAQ

## General

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<summary><strong>What is the OBOL token used for?</strong></summary>

OBOL is the governance token of the Obol Collective. It enables holders to participate in on-chain governance by voting directly or delegating their voting power to delegates.

OBOL is also used in the [RAF](../governance/raf/), where token holders delegate to vote on which contributors should receive retroactive funding for valuable work.

In addition, OBOL can be staked to receive stOBOL, a liquid token that accrues staking rewards and retains governance power as long as it remains in the staker’s wallet. This staking mechanism supports long-term alignment and decentralized ownership.

Finally, both OBOL and stOBOL are being integrated into DeFi protocols, such as liquidity pools, lending platforms (e.g. Morpho), and restaking services (e.g. Eigenlayer, Symbiotic), with more utility expected over time as shaped by community governance.

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<summary><strong>Where can I see OBOL price, supply, and markets?</strong></summary>

You can track OBOL on [CoinMarketCap](https://www.coingecko.com/en/coins/obol-2) or [Coingecko](https://coingecko.com). These pages include market data, supply information, and live price charts.

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## Delegation & Governance

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<summary><strong>How do I delegate my OBOL tokens?</strong></summary>

You can delegate via [vote.obol.org](https://vote.obol.org/dao/delegates). Connect your wallet, choose a delegate, and confirm the delegation transaction.

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<summary><strong>Can I change my delegate?</strong></summary>

Yes, you can re-delegate at any time through the Collective Portal at [vote.obol.org](https://vote.obol.org)

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<summary><strong>Does holding OBOL give me passive income?</strong></summary>

Not directly. Only staking OBOL (to receive auto-compounding stOBOL) allows you to earn rewards.

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## Token Value & Utility

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<summary><strong>Does OBOL accrue fees?</strong></summary>

Currently, OBOL does not accrue protocol revenue. However, the DAO may vote in the future to direct protocol revenue toward token holders or stakers.

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<summary><strong>How can I stay up to date on OBOL news?</strong></summary>

Join our [Discord](https://discord.obol.org), follow [@ObolNetwork](https://x.com/Obol_Collective), and check our [Forum](https://community.obol.org) for governance and integration updates.

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_This page is updated regularly. If your question isn’t listed, reach out via Discord or the Governance Forum._