> ## 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.

# Our Mission

> Bring fixed-income to Solana, without custodians, without opacity, without compromise.

Crypto is the largest source of funding-rate yield in finance. Historically,
perpetual funding has paid double-digit APY to whoever is willing to sell
leverage. And yet the people who actually benefit are centralized desks,
off-shore market makers, and a small club of on-chain degens with the
engineering to harvest it themselves.

**Kimia exists to fix that.**

## What we're building

A single, composable stack on Solana that turns perpetual funding into
transferable, tradable, lendable fixed income:

* **On-chain perpetuals** with permissionless liquidation, Pyth Hermes pull
  oracles, and no privileged keepers, the yield source.
* **A delta-neutral vault** that owns the hedge for you, the yield generator.
* **PT + YT tokenization** so yield becomes two ERC20-style tokens you can sell,
  lend, or bundle, the yield distribution layer.
* **A yield-space AMM** where PT and underlying trade at a price that decays into
  par at maturity, the fixed-rate discovery layer.
* **An intent router** that guarantees the end-to-end APY you asked for, across
  three transactions, the UX layer.

## What we believe

<AccordionGroup>
  <Accordion title="Composability over custody">
    Every layer is a separate Anchor program. If you only want our vault, you
    can take it. If you only want the AMM, you can take that. Nothing is gated
    behind our frontend.
  </Accordion>

  <Accordion title="Permissionless, or it's not real DeFi">
    Liquidation, funding, rebalancing, and reward syncs are open to any keeper.
    There is no whitelist. There is no privileged oracle. If it's on-chain, it's
    crankable.
  </Accordion>

  <Accordion title="Transparent math">
    Margin, funding, and yield formulas are public, auditable Rust in the
    `perps-math` and `kimia-math` crates. Every rounding direction is
    documented. There are no magic numbers.
  </Accordion>

  <Accordion title="Fixed income is not optional">
    Crypto cannot serve institutions, treasuries, or mainstream capital without
    a fixed-income layer. Kimia is that layer for Solana.
  </Accordion>
</AccordionGroup>

## Where we're going

* **V1 (now):** SOL-PERP, USDC collateral, 30-day tenors, Pyth Hermes oracles.
* **V2:** Multi-asset perps, multi-collateral margining, long/short funding
  asymmetry, structured product building blocks.
* **V3:** Institutional-grade fixed-rate desks building *on top of* Kimia
  same primitives, white-labeled UIs, regulated wrappers.

<Card title="Start here" icon="rocket" href="/quickstart">
  The devnet end-to-end takes 10 minutes and touches every program.
</Card>