> For the complete documentation index, see [llms.txt](https://source-code-systems.gitbook.io/better-bank/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://source-code-systems.gitbook.io/better-bank/tokens-of-betterbank/esteem.md).

# Esteem

Esteem ($ESTEEM) is the **cornerstone of BetterBank’s ownership structure**, representing a **share of the protocol** while maintaining a dynamic, elastic supply model. Unlike speculative assets, Esteem’s **statically increasing value** is designed to make the **supply scale alongside the protocol’s growth**.

**How Esteem Works**

* **Represents ownership in BetterBank**, although it **does** **not grant direct control** over operations or treasury funds.
* **Functions as a staking and rewards token**, incentivizing participation in the ecosystem.
* **Minting increases Wildlands gains.** Esteem **may be minted for** any of the **tokens listed** in the Stronghold, and **the treasury** **utilizes** the tokens it receives in this way by **directly depositing** them in **the Stronghold**, increasing **Wildlands borrowing capacity**.
* **Smelting increases Grove Rewards.** Esteem can be **burned** (or "smelted") **to receive newly minted Favor** of the Smelter's choice, **increasing the supply** of that Favor type and as such the **rewards in the Groves**, that **grow by a percentage of supply** daily.

Esteem’s Role in the BetterBank Ecosystem

* **Governance:** Future protocol upgrades may introduce **governance rights** for Esteem holders in BetterBank's **intended move to full decentralization**.
* **Yield Generation:** Holding and staking Esteem **Enables Favor issuance**, reinforcing **BetterBank’s self-sustaining financial model**.
* **Acts as a provider of value for the community**, as its minting ensures **inflows into the Treasury** that **services the entire protocol** and thereby **helps all users**.
* **Rewards long-term participants** through **continuous rewards** and continuous price increase, encouraging **sustainable staking and lending** behavior.