> For the complete documentation index, see [llms.txt](https://whalehub-1.gitbook.io/whalehub/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://whalehub-1.gitbook.io/whalehub/tokenomics/blub-token.md).

# BLUB Token

BLUB is Whalehub's native reward token, minted on the Stellar network. It serves as both a staking receipt and the primary reward mechanism.

## How BLUB Is Created

BLUB is minted by the staking contract when users lock AQUA:

```
User locks 100 AQUA
→ 100 BLUB minted to user's staking balance
→  10 BLUB minted to admin for liquidity pool deposit
```

BLUB is also distributed as staking rewards when the backend deposits pool earnings.

## BLUB Value

BLUB is paired with AQUA in the protocol's primary liquidity pool (BLUB-AQUA). The exchange rate is determined by the pool's reserves and market activity.

## Uses

| Use                     | Description                                   |
| ----------------------- | --------------------------------------------- |
| **Staking rewards**     | Earned proportionally by all AQUA stakers     |
| **Restaking**           | Lock BLUB back into the protocol to earn more |
| **Trading**             | Swap on the Aquarius BLUB-AQUA pool           |
| **Liquidity provision** | Pair with AQUA in vaults for additional yield |

## Token Details

| Property       | Value                                                      |
| -------------- | ---------------------------------------------------------- |
| Network        | Stellar (Soroban SAC)                                      |
| Decimals       | 7                                                          |
| Mint authority | Staking contract                                           |
| Contract       | `CBMFDIRY5OKI4JJURXC4SMEQPWB4UUADIADJK4NA6CYBNOYK4W4TMLLF` |
| Issuer         | `GDERSSCKJQPPXUQOZIOXGRVAGNLVPVZCJ2MAX7RCMVMWGRPVAEG7XGTK` |