> For the complete documentation index, see [llms.txt](https://pleasing.gitbook.io/docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://pleasing.gitbook.io/docs/tokenized-gold-pgold/gold-standard-yield.md).

# Gold Standard Yield

PGOLD not only tracks the value of gold, it generates real yield. Stakers benefit from warehouse fees collected from physical redemption and institutional gold turnover, as well as trading fees from on-chain liquidity.

<figure><img src="https://217962626-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FtBZ74QEzHbSbwx0W0nBo%2Fuploads%2FVUr0CiPNfZXWpv57FXWv%2Fimage.png?alt=media&amp;token=bd8eb5f1-ef3a-4f74-829a-268535cb9602" alt=""><figcaption></figcaption></figure>