> For the complete documentation index, see [llms.txt](https://docs.merlinswap.org/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.merlinswap.org/tokenomics/fundamentals-of-esmp-and-mp.md). # Fundamentals of esMP and MP MP is the native token of MerlinSwap. esMP is the escrowed version of MP, which can be unlocked with a 30-day linear vesting period through MerlinSwap’s webpage. **MP Overview:** * Native Token: $MP is the primary cryptocurrency of MerlinSwap. * Deflationary Mechanism: To enhance its value, 50% of MerlinSwap's income is used to buy back $MP, along with other blue-chip assets from the Merlin Chain ecosystem. * Utility Across Protocols: $MP is utilized as collateral in various protocols within the Merlin ecosystem, notably in the money market protocol. **esMP Overview:** * Escrowed Version of $MP: $esMP can be unlocked with a 30-day linear vesting period via MerlinSwap's webpage. **esMP Highlights:** Utility Boost: * Purpose: Designed to stabilize asset values and boost utility. * Benefits: Enhances liquidity farming incentives on MerlinSwap by up to 2.5x. Governance Role: * Function: Acts as the governance token for MerlinSwap. * Engagement: Enables community governance through token allocation voting and airdrop voting. Staking Benefits: * Protocols: Currently, $esMP assets can be staked in eco protocols like Camelot, Avalon Finance, and Mage Finance. * Future Integration: Plans are in place for more protocols to incorporate $esMP shortly. --- # 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.merlinswap.org/tokenomics/fundamentals-of-esmp-and-mp.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.