Starting supply is 10m, but new coins can be create by bonds. This is an interesting mechanic because someone gives 1 SHD of Another Asset, and gets 1 SHD Back. So what happens in that case? Well we create a new Shade, but the protocol now owns a Shade worth of assets. This means that the Book Value of your prexisting Shade goes up. Right now technically it’s 0. We have no or few uncorrelated assets. So in a sense you have some inflation but its captured by equal value and raises everyone else’s book value.
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