> For the complete documentation index, see [llms.txt](https://lendefi.gitbook.io/lendefi-finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://lendefi.gitbook.io/lendefi-finance/faqs/what-is-the-usdldfi-token.md).

# What is the $LDFI Token?

[$LDFI](https://coinmarketcap.com/currencies/lendefi/) is the native token for the Lendefi Protocol (“**Protocol**”). [$LDFI](https://coinmarketcap.com/currencies/lendefi/) is a governance token that controls the interest rate model, inclusion of supported assets, reward distribution, changes in the Protocol and other terms and conditions.