> For the complete documentation index, see [llms.txt](https://altodex.gitbook.io/docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://altodex.gitbook.io/docs/getting-started/1.-introduction.md).

# 1. Introduction

Alto is a decentralized perpetual exchange (perp DEX) that aims to revolutionize trading in on-chain derivatives. In contrast to centralized exchanges, Alto eliminates the need for middlemen by utilizing smart contracts to guarantee that all trading activity is carried out transparently. Self-custodied wallets allow traders to communicate directly with the blockchain, guaranteeing constant control over their money. By doing this, counterparty risks that have afflicted centralized platforms—like exchange hacks, insolvency, or fraudulent practices—are eliminated.

Perpetual contracts are derivatives that allow traders to speculate on asset prices without expiry. Alto innovates by introducing:

* Systems with skill-based leverage in which higher leverage allowances are unlocked through responsible trading.
* ETH, BTC, stablecoins, or RWAs can all be used in a single portfolio through multi-collateral margining.
* Structures for liquidity providers' vaults that permit individualized risk exposure.
* DeFi will be made accessible to Muslim investors and ethical finance players worldwide through an ethical mode that complies with Shariah.

Alto is designed to function on several blockchains, bringing traders and liquidity together wherever there is a chance. Instead of depending only on USD pairs, it allows trading in stables, ETH, BTC, and even tokenized real-world assets. The multi-collateral margin system that powers it all enables users to post a variety of assets as margin that is risk-adjusted and dynamically valued on-chain. With unified risk management and transparent settlement, Alto enables you to trade across chains and assets with ease, regardless of whether you own ETH, BTC, USDC, or RWAs.

The goal of Alto is to establish a perpetual exchange that is transparent, sustainable, and inclusive of all people worldwide. Perpetuals, in our opinion, ought to progress beyond "casino-style" trading and become universally available, high-quality financial instruments. This goal—to propel DeFi perpetual trading into the next era—is reflected in the name "Alto," which is derived from the Latin for "high" or "elevated."


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