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

# WHITEPAPER

- [$HADES Tokenomics](https://docs.hadeswap.com/whitepaper/usdhades-tokenomics.md)
- [Bonding: Protocol Owned Liquidity](https://docs.hadeswap.com/whitepaper/usdhades-tokenomics/bonding-protocol-owned-liquidity.md): The cornerstone of the full experience of Hadeswap.
- [$HADES - The Governance Token](https://docs.hadeswap.com/whitepaper/usdhades-tokenomics/usdhades-the-governance-token.md): $HADES Key Characteristics & Distribution
- [$HADES - Emission Schedule & Use case](https://docs.hadeswap.com/whitepaper/usdhades-tokenomics/usdhades-emission-schedule-and-use-case.md): $HADES Emission Schedule