Spinon-Holon binding in $t-J$ model
  Using a phenomenological model, we discuss the consequences of spinon-holon binding in the U(1) slave-boson approach to $t-J$ model. Within a small $x$ ($x=$ hole concentration) expansion, we show that spinon-holon binding produces a pseudo-gap normal state with a segmented Fermi surface and the superconducting state is formed by opening an "additional" d-wave gap on the segmented Fermi surface. The d-wave gap merge with the pseudo-gap smoothly as temperature $T\to0$. The quasi-particles in the superconducting state are coupled to external electromagnetic field with a coupling constant of order $x^{\gamma}$ where $0\leq\gamma\leq1/2$, depending on the strength of the effective spinon-holon binding potential. 
Tai-Kai Ng