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$PSP is the governance token of Paraswap. There are total of 150M $PSP airdropped to around 20k early users; which is 7.5% out of 2B total token supply of $PSP. At present, there are two cases of $PSP token which are: 1. Governance: PSP holders have governance rights over the ParaSwap protocol through the ParaSwap DAO. 2. Staking: Users can stake their $PSP tokens and receive an auto-compounding annual percentage yield (APY).