> ## Documentation Index
> Fetch the complete documentation index at: https://orderly.network/docs/llms.txt
> Use this file to discover all available pages before exploring further.

# Overview of $ORDER

> Discover what the $ORDER token is and its role within the Orderly Network ecosystem.

\$ORDER is the native token of Orderly Network. It aligns incentives across the ecosystem -- rewarding participants who provide liquidity, trade actively, build products, and govern the protocol.

## Ecosystem participants

| Role                | What they do                                                                                                                                                         |
| ------------------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------- |
| **Market makers**   | Provide liquidity by placing buy and sell orders in the orderbook. They earn trading profits and liquidity provision rewards paid in \$ORDER.                        |
| **Traders**         | Buy and sell assets on Orderly, contributing to volume and price discovery.                                                                                          |
| **\$ORDER holders** | Stake tokens to earn a share of protocol revenue and participate in governance decisions.                                                                            |
| **Builders**        | Develop front-end DEXs and other applications on Orderly's infrastructure. They may receive builder grants based on trading volume, active users, and other metrics. |

## Token utility

1. **Governance** -- Staked \$ORDER grants voting rights over protocol decisions as governance is formalized.
2. **Earn VALOR** -- VALOR measures your staking position (amount and duration) and entitles you to a share of the protocol treasury.
3. **Trading reward boost** -- Staking \$ORDER increases your share of trading rewards.
4. **Market making reward boost** -- Staking \$ORDER increases your share of market making rewards.
5. **Future utilities** -- Additional uses will be introduced with upcoming Orderly products and third-party integrations.