# $JPGD

<div align="left"><figure><img src="https://2737724165-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F4q1VmrV9tKrttNrIIhP1%2Fuploads%2FiM2dklhBvBmeatvNFhpe%2FJPGD.png?alt=media&#x26;token=041ea6d8-99ba-488e-a7e6-3ea15cce3556" alt="" width="270"><figcaption><p>JPGD, JPEG'd Governance and utility token</p></figcaption></figure></div>

## Overview

JPGD is the protocol's governance token and has utilities in the JPEG'd ecosystem.&#x20;

## Utility

JPG holder can:

* JPGD vote on governance proposals (PIP) for JPEG'd DAO
* increase the LTV on borrowing positions ([LTV boost](https://docs.jpegd.io/jpegd-dao/about-the-lending-protocol/jpeg-locking-mechanics/ltv-boosts))
* increase the credit limit for rarer NFTs ([Traits boost](https://docs.jpegd.io/jpegd-dao/about-the-lending-protocol/jpeg-locking-mechanics/traits-boost-lock))

More details about the $JPGD tokenomics can be found in the [Supply Graph](https://docs.jpegd.io/jpegd-dao/tokenomics/supply-graph) or on [Coingecko](https://www.coingecko.com/en/coins/jpeg-d)

## Migration

JPGD is the new governance token that replaces JPEG. If you hold JPEG, you can migrate at any time.

Learn how to [migrate-jpeg-to-jpgd](https://docs.jpegd.io/jpegd-dao/cdp-lending-guides/migrate-jpeg-to-jpgd "mention")