> For the complete documentation index, see [llms.txt](https://docs.hipogang.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.hipogang.io/frequently-asked-questions/what-is-hpo.md).

# What is HPO?

$HPO is the governance token of Hipo, a liquid staking protocol on the TON blockchain. Holders of $HPO can trade it, hold it to earn a share of the protocol's profit, and participate in governance voting. [More information about $HPO](https://docs.hipo.finance/hipo-tokens/hpo)