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

# Welcome

Liquyn is a non-custodial synthetic-index trading product for Hyperliquid and HIP-3 markets.

The user chooses or creates an index, reviews every weighted component, selects direction, margin and permitted leverage, and submits one index intent. Liquyn coordinates the component orders and keeps execution, recovery and ongoing controls visible.

## Start here

1. [Product and trading guide](/terminal.md)
2. [Index creation and versioning](/terminal/index-creation.md)
3. [Leverage and execution risk](/terminal/risk-and-execution.md)
4. [Liquyn Points and LIQYN](/token-and-incentives.md)
5. [Wallet agent and security](/vercel-runtime/security-and-incidents.md)

## Operator references

* [Vercel runtime](/vercel-runtime.md)
* [Points reconciliation and airdrop](/vercel-runtime/points-and-airdrop.md)
* [API surface](/reference/api.md)
* [Database setup](https://github.com/kylebolton/liquyn/tree/main/docs/database-setup-guide.md)
* [Production deployment](/production-deployment-guide.md)
* [Release checklist](/release-checklist.md)

## Current product rules

* Public product name: **Liquyn**.
* Maximum product leverage: **20×**, subject to component and account limits.
* Builder fee: **1 bp**, approved by the user.
* Index creation: **2–8** markets; community component weights must be **5–80%** and total 100%.
* Points: **10 million per week for 12 weeks**.
* Season 1 LIQYN allocation: **200 million of a fixed 1 billion supply**.

Legacy LIQ, presale, vault, options, lottery and Desk OS documentation is not part of current product documentation.


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