ICE is the utility token for the entire IRON Finance ecosystem, traded and farmed on decentralized exchanges across the Polygon network.
Besides being a utility token, ICE also represents a portion of both governance and profit-share of all platform revenues. When a user chooses to stake their ICE, they receive BlueICE, the governance-staked version of ICE, in return. This way, ICE turns into an interest-bearing asset with governance rights, and accrues platform profits (USDC dividends) on a block to block basis. Holders of BlueICE can participate in the protocol's governance, allowing them the ability to influence the future of the protocol and their own wealth in the process.
See the Tokenomics section for more details.