> For the complete documentation index, see [llms.txt](https://docs.gage.cash/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.gage.cash/tokens/what-gives-sgage-a-bid.md). # What gives sGAGE a bid Selling pressure on sGAGE comes from unlocked rewards. Here is what meets it. ## Pool entry Adding liquidity requires sGAGE, so every new liquidity provider buys it first, and the liquidity rewards are the reason to. ## Buyback The fee sink converts protocol fees in USDG to ETH, buys GAGE on the launch pool, buys sGAGE in the pool, and burns it. Every clip is a market buy of both tokens and a permanent cut to supply, funded by the vault's fees. Fees in, supply out. See [Buyback and burn](/pool/buyback.md). ## The floor Half of the launch's creator fees buy GAGE and park it as a standing bid for sGAGE just under the market. The bid thickens with every clip and ratchets up as the market rises. See [The sGAGE floor](/pool/the-floor.md). ## The drip Rewards reach wallets a little at a time and mostly at the end of a term, so sell pressure arrives as a trickle against buyers who show up every week. See [The drip](/rewards/the-drip.md). ## The supply Five billion, minted once, only ever decreasing. There is no team allocation, no treasury allocation and no mint function. ## The gauge None of this promises a price. The pool price of sGAGE in GAGE is set by buyers and sellers alone. It is shown at all times, next to the sGAGE burned this week, so the token's whole story is two numbers anyone can read. --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## 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, and the optional `goal` query parameter: ``` GET https://docs.gage.cash/tokens/what-gives-sgage-a-bid.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal. 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.