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

# Use Cases

A governance & reward token

BVAULT, the governance token of BitVault, offers several compelling use cases that benefit token holders and contribute to the protocol's growth and stability.

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## Protocol Governance

BVAULT holders have the power to participate in BitVault's governance process. They can propose and vote on important protocol decisions, including:

* Adjustments to protocol parameters
* Addition of new collateral types
* Changes to fee structures
* Allocation of protocol revenue

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## Liquidity Mining Incentives

To encourage liquidity provision for bvUSD and BVAULT pairs:

* Liquidity providers can earn additional BVAULT rewards
* This helps maintain deep liquidity for BitVault's ecosystem