> For the complete documentation index, see [llms.txt](https://wiki.1hive.org/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://wiki.1hive.org/getting-started/honey.md). # Honey Honey is at the heart of everything we do, by optimizing how we issue and distribute Honey we can grow the 1Hive economy, reward contributors, and expand our community. The issuance and distribution of Honey is regulated by the smart contracts. You can create, monitor, and stake Honey on proposals using the frontend located at [1hive.org](https://1hive.org/#/). You can interact with these contracts through the Aragon Client interface at [aragon.1hive.org](https://aragon.1hive.org/#/0xe9869a0bbc8fb8c61b7d81c33fa2ba84871b3b0e) or run either interface locally yourself. ## Economic Overview The value of Honey is determined by supply and demand. The supply is managed by a policy and demand can be influenced by participating in the process of staking on proposals which allocate and distribute Honey from the common pool to contributors. If participants allocate Honey productively, inflows to the common pool will eventually exceed outflows, demand will outpace supply, and the value of Honey will increase. Conversely if Honey is allocated unproductively the circulating supply of Honey will increase without a corresponding increase in demand and the value of Honey will decrease. ![Simplified Honey Stock and Flow Diagram](/files/-MOmEAf1MUlu4H_QWCv9) One way to think of this system is as a [cybernetic feedback loop ](https://en.wikipedia.org/wiki/Cybernetics)where stakers are sensors, the protocol is the controller, and proposals are the actuators that impact the environment. The impact of proposals may be uncertain and may change over time, but outcomes will be observed and feed back into the system resulting in adaptation to the environment over time. Increasing the value of Honey is an implicit goal of the system and its participants. Stakers must hold Honey over time to influence proposals and therefore have a vested interest in supporting proposals that maximize the value of Honey, and contributors need Honey to be valuable so that their contributions can sustainably rewarded. --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## 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, and the optional `goal` query parameter: ``` GET https://wiki.1hive.org/getting-started/honey.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal. 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.