# Utilities / Economics The WELF token offers a variety of utilities designed to enhance ecosystem participation and value creation within the platform: * **Governance (WELF DAO):** Token holders have governance rights through the WELF DAO, allowing them to participate in key decision-making processes. * **Minting Fees:** Fees are applied when stablecoins and tokenized assets are minted. * **Royalties:** Transaction fees are generated each time stablecoins and tokenized products are transferred. * **Redemption Fees:** When redeeming stablecoins or tokenized assets back into cash, redemption fees are applied. * **Loan Protocol (Borrowing & Lending):** Fees are incurred at loan initiation, throughout the loan lifecycle (including interest payments), and upon settlement or liquidation. These utilities create multiple interaction points within the WELF ecosystem, supporting governance, transaction functionality, and a sustainable economic model. --- # Agent Instructions: 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.welf.com/welf-utility-token/utilities-economics.md?ask= ``` 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.