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

# 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**