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

# Introduction

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Unlike traditional exchanges, Yellow Perps is built for the community, by the community.
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> Yellow Perps is the perpetuals exchange built for every BNB trader - from trenchers and degens to professionals. Powered by deep liquidity, wide market coverage, and instant wallet access, Yellow Perps delivers a CEX-level experience without sacrificing decentralization or custody.

<figure><img src="https://982419533-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FRwiTeTIm7oww5R8fC02B%2Fuploads%2FGP4a7cS4tuT3RNt9hALy%2Fphoto_5956489177463900909_y.jpg?alt=media&amp;token=60948f6c-32ab-4cea-b862-3c63d8deb397" alt=""><figcaption></figcaption></figure>

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Every trade fuels the $YELLOW token through buybacks and burns, ensuring that value flows back to the ecosystem.
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> Instead of chasing referral gimmicks, Yellow Perps thrives on a democratic launch model where trenchers and contributors own the exchange from day one

#### Our mission is simple: build the perps exchange that belongs to BNB traders and grows stronger with every trade.