# Utilities Escrowed BLZ (or “xBLZ”) is the mechanism by which protocol rewards are paid to network participants. xBLZ is backed 1:1 by standard BLZ and will not be transferrable until the BLZ token generation event. It should be noted that xBLZ does not change the overall token supply. No xBLZ can be created without being backed 1:1 by an existing BLZ token. ## 1. Share of protocol revenue: Staking xBLZ will allow you to receive 100% of the protocol-generated fees. ## 2. Conversion - Redeeming BLZ xBLZ and BLZ are mutually convertible into each other but the process of conversion differs based on the direction. More details on the conversion process will be released soon. ## 3. Governance Holding xBLZ allows for participation in protocol governance. *(Governance implementation will take place in the future)* --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://blitz-trade.gitbook.io/blitz/tokenomics/xblz/utilities.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.