# What are AQUA tokens?

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AQUA is the core token of Aquarius and serves various purposes within the ecosystem.

### ICE

ICE is the locked version of AQUA. By locking their tokens for extended periods, AQUA holders receive [ICE tokens and its derivatives](/ice/ice-tokens-locking-aqua-and-getting-benefits.md) in return. These ICE tokens unlock liquidity and governance voting.

Besides, ICE being held by liquidity providers also increases the amount of SDEX and AMM rewards thanks to [ICE boost](/ice/ice-boosts-how-to-maximize-lp-rewards.md).

### SDEX & AMM rewards

Once incentivized, Stellar DEX market makers and Aquarius AMM liquidity providers can earn  [SDEX rewards](/dashboard/sdex-rewards.md) & [Aquarius AMM rewards](/aquarius-aqua-rewards/aquarius-amm-rewards.md).

Besides, AQUA tokens can be received as [bribes](/bribes/what-are-bribes.md) for voting for specific markets, or [swapped](/amm-and-pools/swap.md) in return for other Stellar assets.

### Liquidity Voting

To vote for Aquarius markets, AQUA holders should [freeze their tokens into ICE](/ice/ice-tokens-locking-aqua-and-getting-benefits.md). This way they can influence on which markets generate more rewards for liquidity providers, as well as receive AQUA as bribes.

### Aquarius Governance

ICE holders also have the opportunity to participate in [governance](/governance/aquarius-governance-community-led-decision-making.md), shaping and deciding on various aspects of Aquarius.

### Other use cases

Ultra Stellar, a leading Stellar-based company, has adopted AQUA as its rewards and loyalty token within [LOBSTR](https://lobstr.co/), [StellarX](https://www.stellarx.com/),  and other products it develops.<br>


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