> ## Documentation Index
> Fetch the complete documentation index at: https://docs.solhedge.xyz/llms.txt
> Use this file to discover all available pages before exploring further.

# Token Utility

> The three layers of $SHEDGE demand.

## Layer 1: Premium User Access

To access pools with Auto-Hedge activated, users pay **200,000 \$SHEDGE** as a one-time premium upgrade, converting their account to Premium status. Only Premium Users can deposit into pools where Auto-Hedge is enabled.

Standard users can still use SolHedge for Auto-Range and Auto-Compound, but the hedge layer remains locked. The payment is non-refundable and creates direct, usage-driven demand tied to product adoption.

## Layer 2: Market Making Service Access

SolHedge offers a Market Maker (MM) service for Solana tokens that have already launched, paid for in \$SHEDGE, with no lockup required.

<CardGroup cols={3}>
  <Card title="Tier 1: Base" icon="circle-1">
    Standard MM access and market spreads.
  </Card>

  <Card title="Tier 2: Pro" icon="circle-2">
    Tighter spreads and priority rebalancing.
  </Card>

  <Card title="Tier 3: Institutional" icon="circle-3">
    Custom strategy, dedicated support, and the tightest spreads.
  </Card>
</CardGroup>

Buy \$SHEDGE, pay for service, get access immediately.

## Layer 3: Buyback From MM Fees

10% of all fees generated by SolHedge MM activity are automatically used to buy back \$SHEDGE from the open market. Of that 10%:

* **50%** is burned permanently, creating deflationary pressure
* **50%** goes to the protocol treasury for operational sustainability

Every dollar of trading volume that flows through a SolHedge-managed pool directly accrues value back to \$SHEDGE holders, transparently, on-chain, and automatically.

## Why This Model Works

<CardGroup cols={2}>
  <Card title="Usage-driven demand" icon="chart-line">
    Demand is tied to real product adoption, not speculation.
  </Card>

  <Card title="Compounding utility" icon="layer-group">
    Every new MM client means more \$SHEDGE bought as a service fee.
  </Card>

  <Card title="Constant buy pressure" icon="arrow-trend-up">
    Fee-in-\$SHEDGE creates real demand from real MM revenue.
  </Card>

  <Card title="Deflationary loop" icon="fire">
    Buyback and burn ties supply reduction directly to protocol volume.
  </Card>
</CardGroup>