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In its current format, the Clay has no utility. However, the Sumero V2 token will have utility as an oracle token and Clay is convertible to it. In other words, Clay can be redeemed for Sumero V2 tokens.
Sumero users can acquire clay in several ways including:
- 1.Staking USDC-CLAY pool LP tokens in Sumero's LP staking contract.
- 2.Lending Clay to the protocol in return for zClay bonds.
- 3.Buying Clay on SumSwap with USDC.