> For the complete documentation index, see [llms.txt](https://docs.sacra.cc/sacra-whitepaper/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.sacra.cc/sacra-whitepaper/tokenomics/usdmyrd.md).

# $MYRD

$MYRD is an ERC-20 functional multi-utility token, which will be used as DAO token in Sacra Universe.

## Utility

* **Governance:** Serving as the governance token, $MYRD empowers holders to participate in voting on various decisions impacting the Sacra Universe.
* **$SACRA Minting:** Holders can utilize $MYRD for minting $SACRA at a one-to-one ratio across any blockchain. This process results in the burning of $MYRD, aligning with a deflationary mechanism.
* **Passive Income through veMYRD:** By locking $MYRD-USDC LP into a voting escrow NFT (veMYRD) for durations ranging from 1 week to 4 years, users can earn a % of all in-game fee revenues in form of USDC. This income is derived from a share of all in-game transaction fees, further incentivizing long-term holding and participation in the ecosystem.