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

# Tokenomics (Before)

![](https://1563666604-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FExVtY885R6zefiJOQZzR%2Fuploads%2FwioM1325kwpeKPerh1Qp%2Fimage.png?alt=media\&token=83c0b214-ec3f-4aca-ae32-4b7649e615a1)

#### 90% of the total Swap Fee is paid to the Liquidity Providers as a pool fee and the remaining 10% of the total Swap Fee is paid to the DAO Fund. The DAO fund will be used by the following policy:

* **2022. Aug\~ 2022. Nov:** The DAO fund will be used for Pangea Swap Core Team to develop and operate the Pangea Swap.
* **2022. Dec \~**: The DAO fund will be redistributed to STONE Holders. The policy can be changed by governance in the future.