“…A possibility of particular interest is the 'fractionalized Fermi liquid' (FL*) (Burdin et al, 2002;Paramekanti and Vishwanath, 2004;Senthil et al, 2003Senthil et al, , 2004 in which the Fermi surface is 'small' and includes only the volume of the conduction electrons. The spins S i form a spin liquid state with fractionalized excitations, and the fractionalized excitations are required to exist to allow deviation of the Fermi surface volume from the Luttinger value (Bonderson et al, 2016;Else et al, 2021;Paramekanti and Vishwanath, 2004;Senthil et al, 2004); we also note other discussions of FL* and related states (Andrei and Coleman, 1989;Coleman et al, 2005a;Paschen and Si, 2021;Paul et al, 2007Paul et al, , 2008Paul et al, , 2013Pixley et al, 2014;Si, 2010). In the random fully connected model, the S i spins form the SYK spin liquid of Section VI in the large M limit, as we will describe in Section VIII.B.…”