> For the complete documentation index, see [llms.txt](https://docs.clickoptions.ai/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.clickoptions.ai/earn/token-utility-and-policy.md).

# Token Utility and Policy

### Trading Fee & Discounts

* **Base commission:** `0.025%`.
* **Pay-in-CLICK discounts (no holding risk):**
  * **25%** discount: pay fees in CLICK.
  * **35%** discount: stake CLICK **and** pay fees in CLICK.
  * **45%** discount: stake CLICK **+** participate in ClickVault **and** pay fees in CLICK.

### Staking & Boosts (Vault + Token)

* **Who can stake?** Any user can underwrite risk by depositing USDT/USDC into **ClickVault**; staking CLICK is optional and works as a **yield booster**.
* **Multipliers (summary):**
  * **Vault only (USDT/USDC):** Base APY
  * **CLICK only:** Base APY
  * **CLICK + Vault:** **2×** base APY
  * **CLICK + Vault + Auto-Restake:** **2×** base APY with auto-compounding.

### Revenue Allocation (Dynamic Over Time)

Protocol trading profits are shared between participants and protocol sinks using a **baseline** that can be re-weighted within pre-set bands via governance:

**Baseline allocation**

* **Vault Stakers:** **35–70%**
* **Treasury:** **20%**
* **Token Burn (Regen Pool):** **10%**
* **Staking:** **0–35%**

> Governance may move weights **within** the policy band over time and publishes changes in a **monthly policy note**.

#### Buyback & Burn (Regen Pool)

* **10%** of protocol trading profits is routed to the **Regen Pool** smart contract, which **buys back and burns CLICK** from the market (deflationary).

$$
\text{Burn Amount} = 0.10 \times \text{Trading Profits}
$$

> The Regen Pool executes buybacks programmatically; distribution charts in the whitepaper illustrate how shares evolve over time.

### Treasury Wallets & Transparency

* All treasury, staking, and reserve wallets are **public and verifiable**.
* Protocol maintains a **real-time dashboard** showing:
  * VaultLiquidity%
  * Treasury balance
  * Reserves
  * Burn history
  * Fee distributions

### Reporting & Transparency

* **Treasury & Regen addresses:** published at token/TGE or mainnet launch in the docs and app footer. (Addresses will be visible on-chain.)
* **Reporting cadence:** **monthly** policy note with the current allocation weights, plus a dashboard showing revenue splits and burn totals.

### Withdrawals & Liquidity Guardrails (summary link-out)

Withdrawals, proportional caps, and fees are governed by **VaultLiquidity%** and **CAR** tiers (see [*Staking* ](/earn/staking-and-vault-participation.md)*→ Withdrawals*). Emergency fees are recycled back into the Vault to speed recovery.


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