Utility
- Stake to secure the network or delegate to a validator.
- Vote on protocol parameters (fee splits, margin tiers, validator cap, bridge routes).
- Burn of LBX occurs when governance slashes treasury — not a mechanical "fee burn".
What LBX is **not**
- Not a fee token. Trading fees are paid in quote currency (USDC/USDT).
- Not a receipt for Vault deposits. That's vLX — see
/docs/token/vault-share.