> For the complete documentation index, see [llms.txt](https://docs.obol.org/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.obol.org/version-v1.4/community-and-governance/obol-token/token-utility.md). # Token Utility ## **Governance** OBOL Token holders delegate their voting power to delegates who participate in the Token House decision-making processes. This includes voting on proposals affecting the Obol Collective’s direction, upgrades, and funding allocations. Read more about the Token House [here](/version-v1.4/community-and-governance/governance/token-house.md). ## **Obol Retroactive Funding (RAF)** Token holders delegate their voting power to Delegates, who vote on the projects eligible for retroactive funding. Read more about the Obol RAF [here](/version-v1.4/community-and-governance/governance/raf.md). ## **OBOL Token Staking** As per[ OIP-1](https://community.obol.org/t/oip-1-building-and-enabling-staking-for-the-obol-token/312), OBOL token holders will have the opportunity to stake their tokens, contributing to the security and stability of the Collective by preserving governance while earning rewards and being able to engage in DeFi. Staking involves depositing OBOL tokens in a vault (without lockup) that automatically delegates the Tokens if not done already. In return, stakers receive stOBOL, which automatically accrues OBOL Tokens as rewards as it's price vs OBOL increases. This staking program will be implemented in phases, allowing the community to gradually engage in and benefit from the system while reinforcing the decentralization of the Obol Collective. For the first six months, the total rewards will be 0.33% of the total supply, providing early participants with attractive rewards. After this period, the staking rewards may be adjusted based on governance proposals and market conditions. This structured rollout ensures a sustainable and rewarding staking experience while reinforcing the decentralization of the Obol Collective. To get started, simply visit and follow the staking flow — no technical setup required. The interface will guide you through selecting your wallet, choosing the amount to stake, and submitting the transaction. **You will find more info about the OBOL token staking in the dedicated** [Staking & stOBOL](/version-v1.4/community-and-governance/obol-token/staking-and-stobol.md) **section.** ## **DeFi** Plans are in place to launch several DeFi avenues for the OBOL Token post-TGE, such as liquidity pools, lending protocols (e.g. Morpho) and restaking (e.g. Eigenlayer, Symbiotic). ## **More Utility Coming Soon** Via Token House governance proposals in the [Governance Forum](https://community.obol.org/), the Obol community can add more functionality and utility to the OBOL Token. --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## 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, and the optional `goal` query parameter: ``` GET https://docs.obol.org/version-v1.4/community-and-governance/obol-token/token-utility.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal. 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.