> For the complete documentation index, see [llms.txt](https://docs.pondo.xyz/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.pondo.xyz/readme.md).

# Introduction to Pondo

Pondo enables you to **earn rewards** from your **ALEO tokens** while maintaining **liquidity**. It **rebalances** **delegation** of your ALEO to the **validators** with the most **yield** on the network, to ensure **optimal** performance.

In addition to providing liquidity, Pondo lowers the barrier to entry for stakers and is open to any validator to participate. Rebalancing is permissionless and programatic making the protocol decentralized while at the same time not relying on any gouvernance mechanism.