> For the complete documentation index, see [llms.txt](https://inferra.gitbook.io/inferra-docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://inferra.gitbook.io/inferra-docs/the-ecosystem/the-usdinferra-token.md).

# The $INFERRA token

$INFERRA is the token of the Inferra ecosystem. It is a fixed-supply SPL token on Solana: one billion units, and no more can ever be created. The authority to mint new tokens has been given up, so supply cannot be inflated to pay rewards or cover a shortfall. Value comes from use, not from printing.

{% code collapsedlinecount="10" %}

```
$INFERRA (Solana): 9ufM9TJd1UEmi9awnGfxCkCHAgQ3JZ5Sw6YxeSeEASY
```

{% endcode %}

### What settles in what

Renting compute is priced in dollars and settles in USDC. When you rent a GPU, your USDC is what sits in escrow and what the provider is paid. Pricing compute in a stable dollar amount is deliberate: a rental rate should mean what it says, not move with a token.

$INFERRA is the value layer around that. It is what a provider bonds to list capacity, what the terminal trades against, and where protocol revenue accrues.

### What the token does

<table data-search="false"><thead><tr><th>Role</th><th>How</th></tr></thead><tbody><tr><td>Value capture</td><td>A share of protocol fees buys $INFERRA back and burns it, and a share is paid to stakers.</td></tr><tr><td>Provider bond</td><td>Providers lock stake to list capacity. The stake is slashable if they fail to deliver.</td></tr><tr><td>Trading collateral</td><td>Positions on the terminal are margined and settled in $INFERRA.</td></tr></tbody></table>

### The value loop

Supply is fixed, so the token can only gain value from real activity, never from issuance.

Every unit of compute that trades pays a protocol fee. Part of that fee buys $INFERRA on the open market and burns it, which permanently removes supply. Another part is paid to people who stake. The more the protocol is used, the more fees flow, the more supply is burned, and the more stakers earn. Nothing dilutes existing holders, because no new tokens are ever created.

{% hint style="info" %}
There is no hidden mint. The mint authority is revoked, so no party, including the protocol itself, can create new $INFERRA. Rewards are paid from real revenue and a fixed allocation, never from inflation.
{% endhint %}

See [Staking and buyback](/inferra-docs/inferra-terminal/staking-and-buyback.md) for how fees flow back into the token, and [Becoming a provider](/inferra-docs/inferra-cloud/becoming-a-provider.md) for how the provider bond works.


---

# 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://inferra.gitbook.io/inferra-docs/the-ecosystem/the-usdinferra-token.md?ask=<question>&goal=<endgoal>
```

`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.