# The Graveyard (GY) ## What is the Graveyard The Graveyard (GY) is a smart contract that holds 50% of the ELEPHANT token's supply at all times. As a holder of ELEPHANT like all other holders, the GY earns [RFI rewards](/glossary/rfi-rewards.md) from transaction fees, as the largest holder it earns to half of all RFI rewards income. Once the RFI rewards earned have increased the graveyard's holding by 1%, now the graveyard holds 51% of the total supply. When this occurs a rebalance in executed, selling off 1% of the GY holdings and returning to the GY balance back to 50% of the supply. The Graveyard Rebalance was implemented to make sure that the Graveyard does not grow too large from rewards and eat up more than 50% of the RFI rewards earned. This **ensures a continuously fair rewards distribution for all holders.** --- # 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://wiki.elephant.money/tokenomics/the-graveyard-gy.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.