> For the complete documentation index, see [llms.txt](https://ph-defi.gitbook.io/phame-protocol/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://ph-defi.gitbook.io/phame-protocol/welcome-to-phame.md).

# Welcome to PHAME

## What is PHAME? 

PHAME is a fork of GMX protocol (v1) with its own customized design in governance token staking and LP token mechanism (interoperability).

It is essentially a decentralized and non-custodial perpetual exchange that emphasizes offering solutions for clear risk management, minimal transaction costs, and absolute transparency of users' funds.

Traders can utilize cryptocurrencies like PLS, HEX, PLSX, and more, with leverage of up to 30x \~ 50x, all the while participating in revenue sharing if you choose to stake PHAME governance tokens.

A distinctive multi-asset pool supports trading and generates fees for LP’s (liquidity providers) through market making, swap fees, and leveraged trading.

We assume you have reasonable knowledge about GMX v1 protocol and their tokenomics. Please check [here](https://docs.gmx.io/docs/intro) for more details.

## What Solutions Does PHAME Offer for Current Issues?

* Transparency
* Self-custody
* Removal of Middlemen
* User-Friendly Interface
* Differentiated tokenomics & LP mechanisms
* Built by community, for community