# Token Types

There are two types of Stargate token instances that can exist on particular chain. Only one instance will exist per chain. The token on a specific chain is either using a **Pool** or it is a **Hydra OFT**. Both of them are OFTs ([LayerZero's Omnichain Fungible Tokens](https://docs.layerzero.network/v2/developers/evm/oft/native-transfer)) and derive from the `StargateBase` contract.