# The ELE token ![](/files/-MfQfGwGokwQhOIFUQqG) The ELE token is a cross-chain deflationary token, native to the Eleven.Finance platform. Its utility comes from capturing value from the use of our platform. Essentially, owners of ELE are rewarded with fees earned by Eleven Finance. Every time a vault compounds, a portion of the profits is used to buy ELE from the open market. This creates a buy pressure on the token. The ELE accumulated from fees is later burned. To be exact, this burn happens on the 11th every month. Owners of ELE also have the ability to stake their ELE into our single ELE vault. This vault farms new ELE until all ELE is minted. The vault also earns a percentage of fees accrued by the platform in form of ELE. ELE was originally launched on the Binance Smart Chain, but was later bridged to other chains like Polygon, Avalanche, Fantom and others. This allowed us to create single vault on *every single chain* we support. --- # Agent Instructions: 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: ``` GET https://docs.eleven.finance/the-ele-token.md?ask= ``` The question should be specific, self-contained, and written in natural language. 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.