> For the complete documentation index, see [llms.txt](https://docs.shadeprotocol.io/shade-protocol/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.shadeprotocol.io/shade-protocol/advanced-topics-apps/bonds/bond-tokenomics.md). # Bond Tokenomics Description of bond tokenomics. During the initial tokenomics of Shade Protocol, bonds as a key component of tokenomics was not yet accounted for. A large forum post outlined why bonds are a much more efficient form of emissions than LP rewards. In the current iteration of tokenomics, 17.61% of SHD supply is earmarked for bounded bond issuance. Forum post: ![https://medium.com/@shadeprotocoldevs/shade-protocol-tokenomics-833567473635](https://4000103535-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FGSBEdPwWy2UsGV3OHPY5%2Fuploads%2FJosZkQqbwNkStPSUdrfO%2Fimage.png?alt=media\&token=08168798-36f6-4573-a714-72727604ad62)