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

# 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>