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

# Tokenomics

### **3 Tokens. One Ecosystem. Full Control.**

The Liquid Estate protocol uses a multi-token architecture to separate liquidity provision, protocol incentives, and real-world asset exposure.

Each token serves a distinct economic function:

* $leLIQD facilitates on-chain liquidity and price discovery.
* $LE aligns long-term protocol incentives with usage and revenue.
* Property tokens represent fractional exposure to income-producing real-world assets.