# Bonds

For a better understanding of the following section, the reader is advised to read the [bonding explanation](https://docs.olympusdao.finance/main/basics/bonding) at [OlympusDAO](https://www.olympusdao.finance/).

In 2021, OlympusDAO introduced bonds and *protocol-owned liquidity* (**`POL`**) concepts. Convergence uses 30% of **`CVG`** total supply to sell bonds, incentivizing users to provide various assets while allowing the protocol to own its liquidity and build a treasury. 

However, **`CVG`** is not a *decentralized reserve currency*. **`CVG`** does have a maximum supply, and its treasury will not serve any purpose of backing or *risk-free value* (RFV). As a result, Convergence’s treasury should not be considered as any form of guarantee for **`CVG`**’s price.

{% content-ref url="bonds/understanding-bonds" %}
[understanding-bonds](https://docs.cvg.finance/bonds-and-treasury/bonds/understanding-bonds)
{% endcontent-ref %}

{% content-ref url="bonds/oracles-and-roi-computation" %}
[oracles-and-roi-computation](https://docs.cvg.finance/bonds-and-treasury/bonds/oracles-and-roi-computation)
{% endcontent-ref %}

{% content-ref url="../navigate-ui/using-bonds" %}
[using-bonds](https://docs.cvg.finance/navigate-ui/using-bonds)
{% endcontent-ref %}