> For the complete documentation index, see [llms.txt](https://docs.cvg.finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.cvg.finance/bonds-and-treasury/bonds.md).

# 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="/pages/odbTEpkac0xQ2CsqWukq" %}
[Understanding Bonds](/bonds-and-treasury/bonds/understanding-bonds.md)
{% endcontent-ref %}

{% content-ref url="/pages/lmv4hNFSPBo3YA1ODEr2" %}
[Oracles and ROI computation](/bonds-and-treasury/bonds/oracles-and-roi-computation.md)
{% endcontent-ref %}

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[Using bonds](/navigate-ui/using-bonds.md)
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