> ## Documentation Index
> Fetch the complete documentation index at: https://docs.areal.finance/llms.txt
> Use this file to discover all available pages before exploring further.

# ARL Token

> Areal Finance's governance token, launched through MetaDAO futarchy

export const ArlLive = () => <iframe src="https://0xrealist.github.io/docs-widgets/arl/?v=20260625a" title="ARL token (live)" loading="lazy" scrolling="no" className="wfr wfr-arl" style={{
  colorScheme: "normal"
}} />;

**ARL is the governance token of Areal Finance.** It is the token through which the community steers
the protocol: ARL holders set the goals and the [decision markets](/governance/overview) price the
best way to reach them. ARL was launched through the **MetaDAO** futarchy launchpad.

**Contract address (Solana)**

```text ARL Token CA theme={null}
6JSXRGMH6wNiukuLi4x6rSHazJMQL51WGbzirXxsmeta
```

<ArlLive />

## At a glance

| Property     | Value                                  |
| ------------ | -------------------------------------- |
| **Name**     | Areal Finance                          |
| **Symbol**   | ARL                                    |
| **Network**  | Solana                                 |
| **Decimals** | 6                                      |
| **Supply**   | \~25.8M ARL                            |
| **Launch**   | MetaDAO futarchy launchpad             |
| **Role**     | Governance — futarchy decision markets |

<Note>
  Supply and all token data are on-chain and verifiable. View ARL on
  [Solscan](https://solscan.io/token/6JSXRGMH6wNiukuLi4x6rSHazJMQL51WGbzirXxsmeta).
</Note>

## Buyback & Burn

**10% of the RWA Basket's revenue is used to buy ARL on the open market and burn it.** This is how
real-world cash flow accrues to ARL: the income produced by the basket is continuously converted
into permanent ARL supply reduction.

<div className="rate-flow">
  <div className="rf-box">
    <div className="rf-cap">RWA Basket revenue</div>
    <div className="rf-main rf-gold">10% share</div>
  </div>

  <div className="rf-arrow">→</div>

  <div className="rf-box">
    <div className="rf-cap">Open market</div>
    <div className="rf-main">Buy ARL</div>
  </div>

  <div className="rf-arrow">→</div>

  <div className="rf-box">
    <div className="rf-cap">Result</div>
    <div className="rf-main">Burn ARL</div>
    <div className="rf-sub rf-up">supply ▼</div>
  </div>
</div>

The mechanism is **deflationary by design**: as the basket grows and earns more, more ARL is bought
and burned, so the circulating supply only goes down. The cumulative amount removed is shown live in
the **Burned** stat of the widget above.

* **Backed by real income, not emissions.** Buybacks are funded by actual basket revenue, not by
  printing new tokens.
* **Permanent.** Burned ARL is destroyed on-chain and can never re-enter circulation.
* **Compounding pressure.** Every new income-generating asset added to the basket increases the
  revenue stream feeding the buyback.

<Note>
  Burned is computed as **genesis supply − circulating supply**. Burns are executed on-chain and are
  fully verifiable.
</Note>

## What ARL is for

* **Governance.** ARL is the token of the Areal DAO. Protocol decisions — [asset
  listings](/how-it-works/rwa-basket), the [income distribution model](/how-it-works/overview),
  fees, and treasury deployment — are made through **futarchy** rather than by a team or committee.
* **Market-priced decisions.** Proposals open decision markets that forecast the value of each
  option; the market's verdict decides the outcome. See [Decision Market](/governance/overview).
* **Value accrual.** 10% of RWA Basket revenue buys back and burns ARL (see
  [Buyback & Burn](#buyback-%26-burn)), so real-world income continuously reduces ARL supply.
* **Treasury alignment.** Protocol revenue and fees flow to the DAO treasury, which is governed by
  ARL holders through futarchy.

## ARL vs. RWT and stRWT

Areal has distinct tokens with distinct jobs — don't confuse them:

| Token     | What it is                                                                   |
| --------- | ---------------------------------------------------------------------------- |
| **RWT**   | A share in the [RWA Basket](/how-it-works/rwt), priced at Book NAV.          |
| **stRWT** | [Staked RWT](/how-it-works/strwt) — earns protocol income via a rising rate. |
| **ARL**   | The **governance** token — steers the protocol through futarchy.             |

RWT and stRWT give you exposure to the productive real-world assets; **ARL gives you a say in how
the protocol is run.**

## Treasury & spending

The DAO treasury is held on-chain in a multisig whose configuration authority is the futarchy
program — no single party can move funds. Routine operating budgets can be granted as bounded,
on-chain **spending limits**, while larger or novel spending goes through a futarchy proposal. See
[Decision Market → The DAO treasury](/governance/overview) for details.