The enigma of the pseudogap phase of the cuprate superconductors
Debanjan Chowdhury, Subir Sachdev

TL;DR
This paper reviews recent experimental findings on cuprate superconductors, highlighting evidence for a d-form factor density-wave order and proposing a fractionalized Fermi liquid as a key feature of the pseudogap phase.
Contribution
It synthesizes experimental data to support the existence of a d-form factor density-wave and introduces the FL* model to explain the pseudogap phase in cuprates.
Findings
Evidence for d-form factor density-wave order in non-Lanthanum cuprates
Proposal of a fractionalized Fermi liquid (FL*) with four spin-1/2 pockets
Insights into the electronic structure of the pseudogap phase
Abstract
The last few years have seen significant experimental progress in characterizing the copper-based hole-doped high temperature superconductors in the regime of low hole density, p. Quantum oscillations, NMR, X-ray, and STM experiments have shed much light on the nature of the ordering at low temperatures. We review evidence that the order parameter in the non-Lanthanum-based cuprates is a d-form factor density-wave. This novel order acts as an unexpected window into the electronic structure of the pseudogap phase at higher temperatures in zero field: we argue in favor of a `fractionalized Fermi liquid' (FL*) with 4 pockets of spin S=1/2, charge +e fermions enclosing an area specified by p.
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