> For the complete documentation index, see [llms.txt](https://docs.symfi.io/sym-finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.symfi.io/sym-finance/mechanism/symtoken-minting-module/symtoken.md). # symToken symToken is the **medium of leverage exchange** in SYM Finance. Leverage buyers mint symToken and sell it for Token to leverage up. This is the primary use case for symToken, which can be seen as an intermediate product in the process of leverage buyers' acquisition of leverage. symToken mostly stays within the system of SYM Finance and **shouldn't be treated as a stablecoin**. Each type of collateral asset has its own corresponding symToken. e.g., symETH for stETH, symGLP for GLP. ### Debt accounting 1 symToken is always treated as having equal value with 1 Token when being minted/burnt by leverage buyers. The protocol imposes **zero interest rate** on symToken debt, thus the debt balance does not increase over time without the leverage buyer minting more symToken. ### **Price fluctuation** symToken is primarily traded on Tidal AMM, where its market price will be discovered. The market price of symToken is the result of the dynamic equilibrium between leverage providers providing Token, leveage buyers selling symToken, and Tidal Force driving price closer to 1. Therefore, symToken's price reflects **the market's real-time pricing of leverage**. And the price is not supposed to be 1, since symToken/Token = 1 would mean free leverage. --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## 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, and the optional `goal` query parameter: ``` GET https://docs.symfi.io/sym-finance/mechanism/symtoken-minting-module/symtoken.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal. 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.