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

# Overview

RFX is a decentralized derivatives protocol that offers both spot and leveraged trading. RFX’s decentralised perpetual futures platform is built upon a robust codebase that incorporates the oracle based LP (Liquidity Provider) model, avoiding the need for counterparties to execute trades.

Supported by a fully composable and permissionless architecture, RFX will serve as a readily accessible liquidity layer for emerging DeFi primitives and structured products. The first DeFi primitive RFX will support is perpetual markets for crypto assets with upto 50x leverage.