diff --git a/.changeset/three-donuts-sniff.md b/.changeset/three-donuts-sniff.md
new file mode 100644
index 00000000..864e711f
--- /dev/null
+++ b/.changeset/three-donuts-sniff.md
@@ -0,0 +1,5 @@
+---
+'@web3-ui/hooks': minor
+---
+
+Added docstring to the `useContract` and `useTokenBalance` hooks
diff --git a/packages/hooks/src/hooks/useContract.ts b/packages/hooks/src/hooks/useContract.ts
index 43817662..7342611a 100644
--- a/packages/hooks/src/hooks/useContract.ts
+++ b/packages/hooks/src/hooks/useContract.ts
@@ -2,6 +2,7 @@ import React from 'react';
 import { Web3Context } from '../Provider';
 import { Contract, ContractInterface } from 'ethers';
 
+
 /**
  * @description
  * Defines the contract instance on `useState` hook
@@ -17,6 +18,15 @@ export type UseContractHook<T extends Contract> = [
   boolean
 ];
 
+/**
+ * Gets an instance of a contract from its ABI and address.
+ * @param address contract address
+ * @param abi contract ABI
+ * @returns {
+ *   contract: An instance of the current contract
+ *   isReady: True when the contract is ready to use, false otherwise.
+ * }
+ */
 export function useContract<T extends Contract>(
   address: string,
   abi: ContractInterface
diff --git a/packages/hooks/src/hooks/useTokenBalance.ts b/packages/hooks/src/hooks/useTokenBalance.ts
index c869b09d..7aed54c1 100644
--- a/packages/hooks/src/hooks/useTokenBalance.ts
+++ b/packages/hooks/src/hooks/useTokenBalance.ts
@@ -9,6 +9,20 @@ interface Props {
   accountAddress: string;
 }
 
+/**
+ * Gets the token balance of the provided account.
+ * @param tokenAddress Address of the token
+ * @param accountAddress Address of the account
+ * @returns {
+ * balance: gives account balance for the token in Wei as a string
+ * loading: True until the transaction is executing, false otherwise
+ * error: Contains the error object if the transaction failed, null otherwise.
+ * decimals: number of decimals the token contract is using
+ * formattedBalance: Balance in ethers eg. 0.01 ETH, 20 GTC, etc.
+ * balanceInBigNumber: Balance in BigNumber
+ * }
+ */
+
 export function useTokenBalance({ tokenAddress, accountAddress }: Props) {
   const context = useContext(Web3Context);
   const provider = context?.provider;
@@ -46,6 +60,6 @@ export function useTokenBalance({ tokenAddress, accountAddress }: Props) {
     error,
     decimals,
     formattedBalance: balance && ethers.utils.formatUnits(balance, decimals), // The balance in ethers eg. 0.01 ETH, 20 GTC, etc.
-    balanceInBigNumber: balance,
+    balanceInBigNumber: balance
   };
 }