# Marginal

### What is Marginal?

Marginal is a permissionless spot and perpetual exchange that enables leverage on any asset with an Uniswap V3 Oracle.<br>

One can think of the core mechanism of the protocol as analogous to overcollateralized short-selling with the interest payment dictated by a typical perpetual funding rate.

* For token holders: [Tokenomics](/docs/tokenomics/marginal-token.md) and [Rewards](/docs/tokenomics/token-distribution.md)
* For liquidity providers: [LP Guidelines](/docs/get-started/lp-guidelines.md)
* For traders: [Trading](/docs/protocol/trading.md)

### What is Marginal's Mission?

Marginal enables anyone to trade with leverage through a Permissionless AMM. The team is passionate about building DeFi Hyperstructures and enabling the Uniswap moment for on-chain derivatives.

Whitepaper - <https://github.com/MarginalProtocol/v1-core/blob/main/wp/v1.pdf>


---

# Agent Instructions: Querying This Documentation

If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter:

```
GET https://marginal.gitbook.io/docs/marginal.md?ask=<question>
```

The question should be specific, self-contained, and written in natural language.
The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.