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

# vDEX

<figure><img src="https://3670614486-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FA9zlTiqgQT1WPgYLW4Kf%2Fuploads%2F4V46vUHtLk8e9DVDc4NG%2Fooo.png?alt=media&amp;token=5ec06083-62c4-4b64-ac84-90d0f21b1a99" alt=""><figcaption></figcaption></figure>

[**vDEX**](https://dev.vdex.ai/) is a decentralized perpetual exchange that supports [**Zero Funding Rate**](/trading/delta-neutral-perpetual-futures/zero-funding-rate.md)/[**Zero Borrow Fee**](/master-guide/fees.md) perps trading.

Trading is supported by a [**Delta-Neutral vUSDC Pool**](/providing-liquidity/usdc-margined-perps-liquidity-providing.md) that earns liquidity providers [**Risk-Adjusted Real Yield**](https://docs.vdex.ai/providing-liquidity/usdc-margined-perps-liquidity-providing#id-843b) from market making through [**Automated-Asset-Manager**](/providing-liquidity/usdc-margined-perps-liquidity-providing.md#id-843b).

Dynamic pricing is supported by [**Pyth and an aggregate of prices**](/master-guide/price-feed.md) from leading volume exchanges.

For token holders: VDX / VGO

For liquidity providers: [**VLP**](https://docs.vdex.ai/providing-liquidity/usdc-margined-perps-liquidity-providing#vlp-tailored-for-risk-takers) / [**VUSDC**](/providing-liquidity/usdc-margined-perps-liquidity-providing.md#id-843b)

For traders: [**Perps**](/trading/delta-neutral-perpetual-futures.md) / [**Options**](/trading/perpetual-options.md)