> For the complete documentation index, see [llms.txt](https://usefelix.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://usefelix.gitbook.io/docs/readme.md).

# Welcome to Felix

Felix is an on-chain financial services provider, offering users access to DeFi trading and lending products. We bundle products into a single, trusted venue so that customers get ease of access, convenience, and cost-efficiency gains.

## Trading Products

| Products                                                                       | What It Does                                                           |
| ------------------------------------------------------------------------------ | ---------------------------------------------------------------------- |
| [Spot Equities](/docs/trading-products/spot-equities.md)                       | Buy and sell tokenized equities with USDC.                             |
| [Perpetual Futures](https://usefelix.gitbook.io/docs/felix-perpetual-futures/) | Deposit margin and long/short popular equities, commodities, and more. |

## Lending Products

| Products                                                           | What It Does                                                                                                 | Who It’s For                                                                                                 |
| ------------------------------------------------------------------ | ------------------------------------------------------------------------------------------------------------ | ------------------------------------------------------------------------------------------------------------ |
| [**CDP Market (feUSD)**](/docs/lending-products/quickstart.md)     | Deposit collateral → mint feUSD -> swap into another asset for leverage.                                     | Traders seeking high‑LTV leverage and cheap borrow costs.                                                    |
| [**Vanilla Markets**](/docs/lending-products/publish-your-docs.md) | Variable‑rate lending pools. Borrow asset‑native tokens (e.g., HYPE, HUSD, USDC) or supply them to earn APY. | Users who prefer direct exposure to the asset they borrow/lend—no redemption mechanics, fully dynamic rates. |