> For the complete documentation index, see [llms.txt](https://takepile.gitbook.io/takepile-protocol/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://takepile.gitbook.io/takepile-protocol/tokenomics/piletokens/pileusdb.md).

# pileUSDB

At launch, pileUSDB will be the token that traders can use to open positions. pileUSDB is minted and burned upon deposit and withdrawal of USDB into the USDB Pile. \
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pileUSDB is also minted and burned upon the closing of positions on Takepile. The gain or loss of a trade is minted in pileUSDB and then deposited into a user's wallet. This gain or loss is also reflected in the pile itself, affecting the conversion rate of pileUSDB to USDB.