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

# The Suno Protocol

- [Introduction](https://docs.suno.finance/protocol/introduction.md): The protocol reference: instruments, value flows, and which guarantees rest on code, collateral, or management.
- [Protocol overview](https://docs.suno.finance/protocol/protocol-overview.md): The value circuit end to end, and the two commitments every mechanism serves.
- [The uWatt](https://docs.suno.finance/protocol/the-uwatt.md): How the desk prices minting and redemption at min($1, C), pays redemptions from the liquidity sleeve, and what the $1 covers.
- [The Reserve](https://docs.suno.finance/protocol/the-reserve.md): The protocol's balance sheet: composition, why it is over-collateralized, where its numbers come from, and how it is managed.
- [The pWatt](https://docs.suno.finance/protocol/the-pwatt.md): The per-project financing token: the raise, the swap at commercial operation, and who earns the appreciation.
- [Yield and staking](https://docs.suno.finance/protocol/yield-and-staking.md): How energy revenue becomes staker yield through the α ramp, vesting, and c-uWatt.
- [Risk management](https://docs.suno.finance/protocol/risk-management.md): Asset-level and protocol-level risk, the engineering rules that contain failures, and what independent parties verify.
- [Governance and parameters](https://docs.suno.finance/protocol/governance-and-parameters.md): Who can do what, what governance cannot do, and the launch value of every protocol parameter.
- [Cross-chain availability](https://docs.suno.finance/protocol/cross-chain.md): How c-uWatt travels to other networks as xc-uWatt through a 1:1 lockbox and a guarded price mirror.
- [Security audit](https://docs.suno.finance/protocol/security-audits.md): The independent security review of the protocol's smart contracts by Nethermind Security: scope, findings, fixes, and the trust assumptions it rests on.


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