# About Felix Perpetual Futures

## What are Felix Perpetual Futures?

Felix Perpetual Futures are equity and commodity perpetual future markets managed by the Felix team. The product is built on top of the Hyperliquid protocol. The goal of this product is to enable users to access leverage for popular equities and commodities via perpetual futures as the derivative instrument of choice. Unlike dated futures, users do not have to worry about rollover ux and liquidity fragmentation across each dated market (Dec, Mar, etc.). Unlike options, users do not have to worry about other parameters like strikes, expiries, implied volatility/skew, or time-decay - instead they gain simple linear exposure to the underlying with configurable leverage.

All settlement takes place transparently on-chain on the Hyperliquid protocol. More details about Hyperliquid can be viewed on the [Hyperliquid docs](https://hyperliquid.gitbook.io/hyperliquid-docs). The platform utilizes the [TradingView](https://www.tradingview.com/) Library.

## Built on Hyperliquid Protocol

The Hyperliquid protocol is a high performance layer one blockchain optimized for orderbook trading use cases. Hyperliquid L1 consists of a built-in orderbook, such that teams can permissionlessly deploy spot orderbook-based markets and perpetual futures orderbook-based markets for any asset. Given the nature of blockchains and DeFi, this unlocks 24/7 markets that are globally accessible for market participants around the world.

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