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

# Tokenomics

Nukem Loans has several tokens.

* **NUKEM**: the ERC20 or BEP20 protocol token.
* **sNUKEM**: an ERC-4626 vault token obtained by staking NUKEM tokens and used for fee-sharing and governance. The 1% borrow fees levied when loans are advanced as well as 31% of ALL liquidation profits are used to buy back NUKEM from the market and distributed to the sNUKEM pool!
* **cUSDTMEME**: an ERC-4626 vault token obtained by depositing USDT as a lender into specific and associated lending vault in order to earn yield in USDT from 100% of ALL interest accrued and compounded!
* **vsUSDTMEME**: an ERC-4626 vault token obtained by locking USDT into specific and associated lending vault in order to create a new lending market to earn yield in USDT from 100% of ALL interest accrued plus 69% of the profit from liquidations from the associated lending vault!
* **cMEMEUSDT**: an ERC-4626 vault token obtained by depositing MEME as a lender into specific and associated lending vault in order to earn yield in MEME from 69% of ALL interest accrued and compounded!
* **vsMEMEUSDT**: an ERC-4626 vault token obtained by locking MEME into specific and associated lending vault in order to create a new lending market to earn yield in MEME from 100% of ALL interest accrued plus 69% of the profit from liquidations from the associated lending vault!
* **cMEME:** an ERC-4626 vault token obtained by depositing MEME as collateral in order to take an over collateralised loan in USDT!
* **dUSDTMEME:** a rebasing non-transferrable ERC-4626 vault token obtained by taking a loan in USDT against cMEME collateral. As interest accrues the debt becomes bigger as a result dUSDTMEME increases in size!
* **cUSDT:** an ERC-4626 vault token obtained by depositing USDT as collateral in order to take an over collateralised loan in MEME!
* **dMEMEUSDT:** a rebasing non-transferrable ERC-4626 vault token obtained by taking a loan in MEME against cUSDT collateral. As interest accrues the debt becomes bigger as a result dMEMEUSDT increases in size!