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

# Tokenomics

The core protocol token for the entire Sherpa ecosystem.  All swapping activity fees, SherpaEarn yield vault performance fees, and trading strategy execution fees contribute to buybacks for the `SHERP` token.

## SHERP Token

### Total Supply — 10 Billion

<figure><img src="/files/K0JrMYOCLO2Wsx50Vgu0" alt=""><figcaption></figcaption></figure>

<figure><img src="/files/u1VHASc3Aic1bNRRyeGK" alt=""><figcaption></figcaption></figure>