> 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="/files/Vj3GIqrrGGUM8zxMTNSW" 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.