# What is PAPA?

PAPA is the secondary token issued by Papaya protocol.

{% hint style="warning" %}
PAPA is **not** a governance token 
{% endhint %}

PAPA captures the fee revenue that is generated by the system and incentivizes early adopters.

PAPA holders can stake their tokens to redeem a portion the fees generated by trades on the Proactive Market Maker as STX as well as fees collected from PoX Stacking rewards as sBTC.