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

# The $GRAY Token

- [What is $GRAY?](https://docs.gradient.trade/the-usdgray-token/what-is-usdgray.md): An introduction to Gradient's native token
- [Driving Participation](https://docs.gradient.trade/the-usdgray-token/driving-participation.md): How $GRAY promotes participation within the Gradient ecosystem
- [Value Routing](https://docs.gradient.trade/the-usdgray-token/value-routing.md): How value is routed within the $GRAY ecosystem
- [Tokenomics](https://docs.gradient.trade/the-usdgray-token/tokenomics.md): An overview of tokenomics & supply distribution
- [Conclusion](https://docs.gradient.trade/the-usdgray-token/conclusion.md): A recap of the $GRAY token's role within the Gradient protocol