> 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

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://forum.shadeprotocol.io/t/shade-bond-issuance/76/6>

![https://medium.com/@shadeprotocoldevs/shade-protocol-tokenomics-833567473635](/files/vZaRuJJFnSWYwMhX1TyX)