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

# Protocol

- [Markets](https://docs.perennial.finance/protocol/markets.md): Introduction to Markets
- [Market Design](https://docs.perennial.finance/protocol/markets/market-design.md)
- [Oracles & Settlement](https://docs.perennial.finance/protocol/markets/oracles-and-settlement.md)
- [Payoff & Positions](https://docs.perennial.finance/protocol/markets/payoff-and-positions.md)
- [Price Impact & Trading Fees](https://docs.perennial.finance/protocol/markets/price-impact-and-trading-fees.md)
- [Funding & Interest Rate](https://docs.perennial.finance/protocol/markets/funding-and-interest-rate.md)
- [Margin & Liquidations](https://docs.perennial.finance/protocol/markets/margin-and-liquidations.md)
- [Liquidity Provisioning](https://docs.perennial.finance/protocol/markets/liquidity-provisioning.md): On Perennial LPs can provide liquidity with up to 50x leverage.
- [Advanced Order Types](https://docs.perennial.finance/protocol/markets/advanced-order-types.md): Learn about the different type of limit order on Perennial.
- [Collateral](https://docs.perennial.finance/protocol/markets/collateral.md)
- [Intents](https://docs.perennial.finance/protocol/intents.md)
- [Mechanism](https://docs.perennial.finance/protocol/intents/mechanism.md)
- [Offchain Infrastructure](https://docs.perennial.finance/protocol/intents/offchain-infrastructure.md)
- [Intent Solvers (Makers)](https://docs.perennial.finance/protocol/intents/intent-solvers-makers.md)
- [Specification](https://docs.perennial.finance/protocol/intents/specification.md)
- [Collateral Accounts](https://docs.perennial.finance/protocol/collateral-accounts.md)
- [Vaults](https://docs.perennial.finance/protocol/vaults.md)
- [Codebase](https://docs.perennial.finance/protocol/codebase.md)
- [Protocol Risks](https://docs.perennial.finance/protocol/protocol-risks.md)


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