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

# The Primitives

- [Tri-Token Model](https://docs.aquaflux.pro/the-primitives/tri-token-model.md): One asset, three building bricks — mix & match your own risk-return profile.
- [P-Token (Principal)](https://docs.aquaflux.pro/the-primitives/tri-token-model/p-token-principal.md): “Discounted Principal, Leverage Ready”
- [C-Token (Coupon)](https://docs.aquaflux.pro/the-primitives/tri-token-model/c-token-coupon.md)
- [S-Token (Shield & Surplus)](https://docs.aquaflux.pro/the-primitives/tri-token-model/s-token-shield-and-surplus.md): "Shield + Surplus Yield = Smart Alpha"
- [Risk Waterfall](https://docs.aquaflux.pro/the-primitives/risk-waterfall.md): How returns are paid and how losses are absorbed
- [Lifecycle](https://docs.aquaflux.pro/the-primitives/lifecycle.md): Lifecycle — From Bond to LEGO® and Back
- [AquaMind](https://docs.aquaflux.pro/the-primitives/aquamind.md): The AI Layer makes RWA talk