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

# $DHOOKS

$DHOOKS is the protocol's token. Fixed supply of 1,000,000,000, no mint function, on Robinhood Chain. Its address is published on the [Addresses](/addresses.md) page when it exists.

You do not need $DHOOKS to launch, trade, hold, verify or evaluate anything. No rule in any template requires it.

## What it does

* **Buybacks.** A published share of the protocol's net fee income buys $DHOOKS on the open market and burns it. A contract does it; anyone can call it. It is how the protocol spends part of its revenue, not a floor under anything.
* **Governance.** $DHOOKS holders decide which templates are added, which quote assets are allowed, which verifiers are on the list, and parameter changes within the bounds in [The numbers](/the-numbers.md). Proposals are public; execution is through the protocol multisig.
* **Later, weight.** A future release lets $DHOOKS be staked to increase a wallet's weight in the holders pools of the markets it holds, up to a published cap. It will be written up on its own and reviewed before it ships.

## Order

$DHOOKS comes before the protocol so the build can be funded in the open. Holding it before the protocol runs is holding a position in this document. Read [Straight talk](/straight-talk.md).


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