# Understanding $LT

$LT aims to be the single utility token for all protocols within the HOPE Ecosystem, with a [total supply](https://docs.hope.money/lt-light-token/lt-tokenomics) of 1 trillion tokens, creating a unified ecosystem and generating non-dilutive value accrual to $LT. Rewarding our community, users, and partners with $LT, providing them with transparent governance power.

## Locking

$LT holders can receive veLT by [vote locking](https://docs.hope.money/locking-lt-velt#what-is-vote-locking) their $LT. By doing so, they not only gain voting power but also enjoy benefits such as sharing Gov Fees and the potential to boost their $LT rewards.

## Voting

veLT holders can participate in governance by casting votes.

They can vote for [gauge weights](https://docs.hope.money/reward-gauges/understanding-gauges), which determine the allocation of daily $LT inflation and are closely related to their base rewards.

They can also vote for various DAO proposals that will be presented in the future.

## Boosting

Liquidity providers who hold veLT can potentially boost their $LT rewards by up to 2.5x compared to those without veLT, by [taking action to activate the boost](https://docs.hope.money/boosting-usdlt-rewards#applying-your-boost).

## Earning 

To incentivize veLT holders participation in the governance process, they can earn Gov Fees based on the [Fee Distribution](https://docs.hope.money/earning-gov-fees#fee-distribution) mechanisms in place, which allows veLT holders to receive a share of the fees generated by the HOPE Ecosystem.

## Reward Matrix <a href="#hope-and-lt-matrix" id="hope-and-lt-matrix"></a>

The table below can help you understand the incentives and rewards for token holders.&#x20;

<div align="center"><figure><img src="https://285576528-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F56LPGHUCjDtUfn1QgxEV%2Fuploads%2FpVxsqyzPUI4gYTnCwJDS%2F%E6%8F%92%E5%9B%BE_%E7%94%BB%E6%9D%BF%201%20%E5%89%AF%E6%9C%AC%202.png?alt=media&#x26;token=80c25c80-7133-4087-845c-cc1431c5cd6f" alt=""><figcaption></figcaption></figure></div>


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