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

# REFI Token

The Regenerative Finance Token ($REFI) is the network ownership token. It provides holders with governance over the treasury, protocol direction, and incentive allocation.

## Business Model

For each regenerative product (starting with USDREFI), revenue generated must exceed operational costs plus $REFI incentives. Margins support future regeneration per holder decisions.

## Distribution

| Allocation              | Share |
| ----------------------- | ----- |
| Treasury & Public Goods | 50%   |
| ReFi Foundation         | 15%   |
| Team & Advisors         | 15%   |
| Strategic Partners      | 15%   |
| Airdrops                | 5%    |

## Utility

**Ownership** — $REFI holders collectively own protocol-owned liquidity and the treasury.

**Priority access** — Holders get early access to regenerative-aligned products launched by the protocol.

## Role in USDREFI

$REFI plays two roles in the USDREFI system:

1. **Holder rewards** — Distributed alongside USDREFI yield via Merkl campaigns, giving depositors exposure to protocol upside
2. **LP incentives** — Distributed to Uniswap pool liquidity providers to maintain exit liquidity depth


---

# Agent Instructions
This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com.

## Querying This Documentation
If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter:

```
GET https://docs.regenerative.fi/organization/refi-token.md?ask=<question>
```

The question should be specific, self-contained, and written in natural language.
The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.