> For the complete documentation index, see [llms.txt](https://docs.beradrome.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.beradrome.com/tokenomics/being-an-obero-holder.md).

# Being an oBERO Holder

The oBERO token is a big deal in Beradrome and sets it apart from systems like Solidly\
or Velodrome. It’s the reward token given to Liquidity Providers (LPs) who add tokens to the\
system to help with trading. Plus, it doubles as a “call option” for buying $BERO at a set\
minimum price (the floor price). If you’re an LP holding oBERO, you’ve got two main choices:<br>

1. Buy $BERO Cheap: Use your oBERO to grab $BERO at its guaranteed lowest price\
   (the floor price).
2. Trade for Voting Power: Instead of buying $BERO, you can “burn” (destroy) your\
   oBERO to get “Voting Power” that’s locked forever. This Voting Power can’t be used\
   to borrow HONEY.

### Differences between hiBERO and oBERO

| Criteria              | hiBERO | Burned oBERO |
| --------------------- | ------ | ------------ |
| Earn 20% of emissions | ✔️     | ✔️           |
| Earn swap fees        | ✔️     | ✔️           |
| Earn BGT              | ✔️     | ✔️           |
| Borrow HONEY against  | ✔️     | ❌            |
| Vote to earn rewards  | ✔️     | ✔️           |

For an in-depth understanding of the oBERO token and the mechanics of redeeming $BERO at the floor price through the bonding curve, please refer to the "Beradrome Bonding Curve" section for comprehensive information.

<br>


---

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