# What is Vortex Protocol ## Welcome to Vortex Protocol! Vortex Protocol is a decentralized derivates exchange for IBC chains built on Sei Network. Vortex offers many of the same features that centralized exchanges provide (borrow lending, cross-collateral, and cross-margining) but as a permissionless and decentralized protocol. ## Why Vortex? 🌊 **Perpetual Futures:** Vortex offers deep liquidity for perpetual futures markets with up to 10x leverage on select markets 📊 **Decentralized Orderbook:** Vortex is built with Sei Network's fully decentralized on-chain limit orderbook, providing traders with the ultimate DeFi trading experience. 🏦 **Cross-Collateral:** Users can deposit multiple supported tokens as collateral for their positions, saving on swap fees. 💵 **Cross-Margin:** Leverage is supported across all positions under a single trading account, allowing for maximum capital efficiency ⚛️ **IBC interoperability**: Vortex is built to unite the Cosmos ecosystem with a central trading hub. ## Built on Sei Network **⬇️ Low Fees** **⛏ MEV Protection** ⚡️ **Instant Transactions** --- # 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://vortex-protocol.gitbook.io/vortex-protocol/introduction/what-is-vortex-protocol.md?ask= ``` 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.