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

# What is Paraflux?

**Power perpetuals on HyperEVM. Squared returns. No options complexity.**

Paraflux is a power perpetual protocol on HyperEVM. Trade squared exposure (S^2) to crypto, commodities, and equities -- no strikes, no expiry, no fragmentation. The LP vault is the counterparty, delta-hedged via CoreWriter.

> **Status:** Live on HyperEVM testnet (chain 998). Mainnet (chain 999) imminent.
>
> [Launch App](https://app.paraflux.xyz) | [View Contracts](/paraflux-docs/reference/addresses.md) | [SDK Quick Start](/paraflux-docs/sdk/quickstart.md)

***

## Why Paraflux?

* **Power Perpetuals** -- Squared exposure to any asset. No strikes, no expiry, no fragmentation. One instrument per market.
* **LP Vault** -- Deposit USDC. Earn trading fees, funding income, and hedged market-making yield. ERC-4626.
* **Realized Vol Oracle** -- On-chain realized variance computed natively from HyperEVM precompiles. Any protocol can consume it.

## Markets

### Phase 1 -- Launch

| Market | Asset    | Class  | Oracle             |
| ------ | -------- | ------ | ------------------ |
| BTC^2  | Bitcoin  | Crypto | Core perp (0x0807) |
| ETH^2  | Ethereum | Crypto | Core perp (0x0807) |

### Phase 2 -- Multi-Asset

| Market   | Asset       | Class     | Oracle             |
| -------- | ----------- | --------- | ------------------ |
| HYPE^2   | Hyperliquid | Crypto    | Core perp (0x0807) |
| SOL^2    | Solana      | Crypto    | Core perp (0x0807) |
| GOLD^2   | Gold        | Commodity | HIP-3 BBO (0x080e) |
| SILVER^2 | Silver      | Commodity | HIP-3 BBO (0x080e) |

### Phase 3 -- Expansion

| Market    | Asset       | Class          | Oracle             |
| --------- | ----------- | -------------- | ------------------ |
| XYZ100^2  | Nasdaq      | Equities Index | HIP-3 BBO (0x080e) |
| TSLA^2    | Tesla       | Equities       | HIP-3 BBO (0x080e) |
| EUR/USD^2 | Euro/Dollar | Forex          | HIP-3 BBO (0x080e) |

Vol oracles are already deployed on mainnet for all 9 assets. Power perp markets roll out in phases.

## Quick Start

### Read market data (no wallet needed)

```typescript
import { ParaFluxClient } from '@paraflux/sdk';

const client = new ParaFluxClient({
  chainId: 998,  // testnet (999 for mainnet)
  rpcUrl: 'https://rpc.hyperliquid-testnet.xyz/evm',
});

// Read volatility
const surfaces = await client.getAllVolSurfaces();
for (const [asset, s] of surfaces) {
  console.log(`${asset}: vol=${(s.realizedVol1d * 100).toFixed(1)}%`);
}
```

### Trade

```typescript
const client = new ParaFluxClient({
  chainId: 998,
  rpcUrl: 'https://rpc.hyperliquid-testnet.xyz/evm',
  privateKey: '0x...',
});

// Open a long power perp
await client.openPosition({
  asset: 'BTC',
  isLong: true,
  usdAmount: 1000,
  leverage: 2,
});
```

## Get Started

|                             | Link                                                     |
| --------------------------- | -------------------------------------------------------- |
| **Trade now**               | [Launch App](https://app.paraflux.xyz)                   |
| **Understand the protocol** | [Protocol Overview](/paraflux-docs/protocol/overview.md) |
| **See all markets**         | [Markets](/paraflux-docs/products/multi-asset.md)        |
| **Build with the SDK**      | [Quick Start](/paraflux-docs/sdk/quickstart.md)          |
| **Read vol data**           | [Volatility Data](/paraflux-docs/sdk/volatility.md)      |
| **Common questions**        | [FAQ](/paraflux-docs/reference/faq.md)                   |


---

# Agent Instructions
This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com.

## Querying This Documentation
If you need additional information that is not directly available in this page, you can query the documentation by asking a question.

Perform an HTTP GET request on the following URL with the `ask` and `goal` query parameters:

```
GET https://paraflux.gitbook.io/paraflux-docs/welcome/readme.md?ask=<question>&goal=<user_goal>
```

`ask` is the immediate question: it should be specific, self-contained, and written in natural language.
`goal` is what the user is ultimately trying to achieve, the reason they need the answer. Sharing it helps GitBook give you a better, more relevant answer. A goal is most helpful when it describes the outcome the user wants rather than restating the question. For example, with `ask=how do I create an API token`, a goal like `automate deployments from our CI pipeline` lets GitBook tailor the answer to that use case.

The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.