> For the complete documentation index, see [llms.txt](https://guardian-finance.gitbook.io/guardian-finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://guardian-finance.gitbook.io/guardian-finance/protocol/tokens.md).

# Tokens

## $GUARD - Guardian Token

![Guardian Token](https://8969793-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FHt8hvqcdrkGKn7Z9B4tN%2Fuploads%2F7pPJmBk5GyM2zdKNDbEx%2Fguard-icon.png?alt=media\&token=98168a20-2c48-4731-b3ca-e1622870c87e)

Guard: 0xdDC1006Bc16e5a36Abc8D6bDD736367337a799FA 

GUARDIAN token is designed to be used as a medium of exchange. The built-in stability mechanism in the protocol aims to maintain BASED peg to 1 FTM token in the long run.

## SHIELD- Guardian Share Token

 

![Shield Token](https://8969793-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FHt8hvqcdrkGKn7Z9B4tN%2Fuploads%2FP5PeVXn5TlJbhCXVvRKn%2Fshield%20icon.png?alt=media\&token=838e280e-22c6-4a85-99f6-ca4f806f1953)

SHIELD: TBA

$SHIELD is one of the ways to measure the value of the Guardian Finance Protocol and shareholder trust in its ability to maintain $GUARD close to peg. During epoch expansions the protocol mints $GUARD and distributes it proportionally to all $SHIELD holders who have staked their tokens in the Aegis (boardroom).

$SHIELD holders have voting rights (governance) on proposals to improve the protocol and future use cases within the Guardian Finance ecosystem.

$SHIELD has a maximum total supply of 70000 tokens distributed as follows:

* Team Allocation: 4999 $SHIELD vested linearly over 6 months
* LP formation: 1 $SHIELD for LP formation
* Remaining 65000 $SHIELD are allocated for incentivizing Liquidity Providers in two share pools for 6 months. 

## GBOND - Guardian Bonds <a href="#tbond-tomb-bonds" id="tbond-tomb-bonds"></a>

![GBond Token](https://8969793-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FHt8hvqcdrkGKn7Z9B4tN%2Fuploads%2FVv0ZBkqEP7hMtelVQAFW%2Fgbond.png?alt=media\&token=32a3e87c-c52f-402d-b5a6-3439068f27c3)

GBON&#x44;**:** TBA

Guardian Bonds (GBOND) main job is to help incentivize changes in $GUARD supply during an epoch contraction period. When the TWAP (Time Weighted Average Price) of $GUARD falls below 1 FTM, GBONDs are issued and can be bought with $GUARD at the current price. Exchanging $GUARD for GBOND burns $GUARD tokens, taking them out of circulation (deflation) and helping to get the price back up to 1 FTM. These GBOND can be redeemed for $GUARD when the price is above peg in the future, plus an extra incentive for the longer they are held above peg. This amounts to inflation and sell pressure for $GUARD when it is above peg, helping to push it back toward 1 FTM.

Contrary to early algorithmic protocols, GBOND do not have expiration dates.

All holders are able to redeem their BBOND for $GUARD tokens as long as the Treasury has a positive $GUARD balance, which typically happens when the protocol is in epoch expansion periods.