# PalToken

**ERC20** contracts. This ERC20 represents the amount of underlying token deposited by the user in the associated **PalPool.**

This contract has the basic methods of an ERC20 (**balanceOf, approve, transfer, transferFrom,** …).The **mint()** and **burn()** methods are only available for the associated **PalPool**, and the amount of palTokens minted or burned during a **Deposit** of **Withdraw** depends on the **Exchange Rate** stored by the associated **PalPool.**