# Liquidity token Liquidity token brings the unit of exchange to life as more than a passive numeraire mediating the valuation of other tokens. It becomes a unit of distributed issuance of credit and comes into being through a collateralized credit agreement. This means credit issuance effectively appears as automated. This token is redeemed on demand for any token on offer by an [Economic agent](/economic-agent.md). --- # 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://glossary.ecsa.io/liquidity-token.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.