> For the complete documentation index, see [llms.txt](https://docs.zerolend.xyz/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.zerolend.xyz/governance/token-overview/emissions.md).

# Emissions

<figure><img src="https://2402583484-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fi9DDwWcSwiiTEJZZlm8R%2Fuploads%2FUvcydaabhfKE74tqs8C7%2FZero%20emissions%20chart.png?alt=media&amp;token=c199dc4d-2bbc-4d6f-b5c8-ba9c969e92fd" alt=""><figcaption></figcaption></figure>

The supply of $ZERO tokens set out for emissions is kept at 20 billion tokens (20% of the supply)

The first six months of $ZERO emissions are inflationary. After six months of TGE, the emissions have become deflationary.