> ## Documentation Index
> Fetch the complete documentation index at: https://docs.kimia.live/llms.txt
> Use this file to discover all available pages before exploring further.

# Welcome to Kimia

> Perpetuals, delta-neutral yield, and tokenized fixed rates on Solana.

Kimia is a Solana-native fixed-income protocol. It combines an on-chain
perpetual futures exchange, a delta-neutral yield vault, and a tokenization
layer that splits yield-bearing positions into **Principal (PT)** and
**Yield (YT)** tokens, so traders can lock fixed rates, speculate on funding,
or earn passively.

Everything on Kimia is composable: the perp, the vault, the split, and the
AMM are separate Anchor programs you can use in isolation.

<div
  style={{
display: 'grid',
gridTemplateColumns: 'repeat(3, 1fr)',
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>
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  border: '1px solid rgba(128,128,128,0.16)',
  borderRadius: '12px',
  minHeight: '110px',
}}
  >
    <img src="https://mintcdn.com/kimia/R-0mb9LchgqcL7Y5/logo/solana-light.svg?fit=max&auto=format&n=R-0mb9LchgqcL7Y5&q=85&s=2e0fbf1acbf4bb5cabda4975bde6461b" alt="Solana" className="block dark:hidden" style={{ height: '24px' }} width="646" height="96" data-path="logo/solana-light.svg" />

    <img src="https://mintcdn.com/kimia/R-0mb9LchgqcL7Y5/logo/solana-dark.svg?fit=max&auto=format&n=R-0mb9LchgqcL7Y5&q=85&s=5913bad4e5590fa57221d2afedbaf50a" alt="Solana" className="hidden dark:block" style={{ height: '24px' }} width="646" height="96" data-path="logo/solana-dark.svg" />

    <div style={{ marginTop: '10px', fontSize: '12px', opacity: 0.6 }}>Base layer</div>
  </div>

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    style={{
  display: 'flex',
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  padding: '22px 16px',
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  borderRadius: '12px',
  minHeight: '110px',
}}
  >
    <img src="https://mintcdn.com/kimia/R-0mb9LchgqcL7Y5/logo/usdc.png?fit=max&auto=format&n=R-0mb9LchgqcL7Y5&q=85&s=2daafafc80c9be99e6028d9b535e321b" alt="USDC" style={{ height: '34px' }} width="181" height="181" data-path="logo/usdc.png" />

    <div style={{ marginTop: '10px', fontSize: '12px', opacity: 0.6 }}>Collateral</div>
  </div>

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    style={{
  display: 'flex',
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  padding: '22px 16px',
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  borderRadius: '12px',
  minHeight: '110px',
}}
  >
    <img src="https://mintcdn.com/kimia/R-0mb9LchgqcL7Y5/logo/pyth.webp?fit=max&auto=format&n=R-0mb9LchgqcL7Y5&q=85&s=979a2105bba5b3eb879abdc60565f4f5" alt="Pyth" style={{ height: '28px' }} width="860" height="860" data-path="logo/pyth.webp" />

    <div style={{ marginTop: '10px', fontSize: '12px', opacity: 0.6 }}>Oracles</div>
  </div>
</div>

## Get started

<CardGroup cols={2}>
  <Card title="Trade SOL-PERP" icon="chart-candlestick" href="/getting-started/first-trade">
    Open a leveraged long or short on SOL with USDC collateral. Up to 10×, oracle-priced liquidations, permissionless keepers.
  </Card>

  <Card title="Earn with the Vault" icon="shield" href="/getting-started/deposit-vault">
    Deposit USDC into a delta-neutral vault that captures SOL-PERP funding. No directional exposure, no custodian.
  </Card>
</CardGroup>

## Go further

<CardGroup cols={3}>
  <Card title="Lock a fixed rate" icon="lock" href="/getting-started/lock-fixed-rate">
    Guarantee a minimum APY across three transactions.
  </Card>

  <Card title="Architecture" icon="diagram-project" href="/architecture">
    Six programs, one fixed-income stack.
  </Card>

  <Card title="Build on Kimia" icon="code" href="/build/overview">
    TypeScript SDK, errors, precision, keepers.
  </Card>
</CardGroup>