> For the complete documentation index, see [llms.txt](https://seneca-protocol.gitbook.io/seneca-protocol/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://seneca-protocol.gitbook.io/seneca-protocol/seneca-governance-tokens/seneca-governance-token.md).

# Seneca Governance Token

Seneca is governed entirely by the holders of the Seneca Governance Token (SGT). SGT stakers accrue all platform fees, which are derived from liquidity, which is incentivized by issuing Escrowed SGT (eSGT).