# ArcX

> ArcX wraps perp DEX strategies into a vault token that earns yield and credits for supported reward programs. Split into ST and EPT for isolated exposure.

## Docs

- [Credit Mathematics](https://docs.arcx.trade/deep-dives/credit-mathematics.md): How credits determine each holder's share of CreditTokens across periods, using capital multiplied by time.
- [EPT Pricing](https://docs.arcx.trade/deep-dives/ept-pricing.md): How ST and EPT are priced, why the returns frame matters, and what drives the ST discount.
- [Orderbook Mechanics](https://docs.arcx.trade/deep-dives/orderbook-mechanics.md): APR pricing, token sizing, matching rules, and market-order mechanics for the ArcX orderbook.
- [ArcX Documentation](https://docs.arcx.trade/index.md): ArcX wraps perp DEX strategies into a vault token that earns yield and credits for supported reward programs. Buy ST or EPT for isolated exposure.
- [Audits](https://docs.arcx.trade/learn/audits.md): ArcX smart-contract audit reports.
- [CreditToken](https://docs.arcx.trade/learn/credit-token.md): The token generated from accrued credits and used for reward distribution.
- [Expected Points Token (EPT)](https://docs.arcx.trade/learn/expected-points-token.md): The rewards side of a series. Buy EPT, accrue credits while holding, and claim CreditTokens.
- [Orderbook Guide](https://docs.arcx.trade/learn/orderbook-guide.md): How to think about APR, choose a series, and place ST or EPT orders with the right intuition.
- [ArcX vs Pendle](https://docs.arcx.trade/learn/pendle-comparison.md): If you know Pendle, here is ArcX in terms you already understand.
- [What is ArcX?](https://docs.arcx.trade/learn/protocol-overview.md): ArcX wraps perp DEX strategies into a vault token that splits into separately tradeable yield and rewards-side exposure.
- [Series Lifecycle](https://docs.arcx.trade/learn/series-lifecycle.md): Each vToken can have multiple series. Every series has a fixed maturity date and its own ST and EPT tokens.
- [Strategy Token (ST)](https://docs.arcx.trade/learn/strategy-token.md): The principal + yield side of a series. Give up the rewards side and redeem back into vToken at maturity.
- [Trust Model & Security](https://docs.arcx.trade/learn/trust-model-and-security.md): What is on-chain today, where ArcX still relies on off-chain components, and what risks users are actually taking.
- [User Guide](https://docs.arcx.trade/learn/user-guide.md): Step-by-step: deposit for vTokens, buy EPT or ST on the orderbook, withdraw, and manage positions through series maturity.
- [vToken](https://docs.arcx.trade/learn/vtoken.md): The base vault share. Deposit USDC, earn yield, and accrue credits for supported reward programs.
- [Restricted Jurisdictions](https://docs.arcx.trade/legal/restricted-jurisdictions.md): Jurisdictions where ArcX transaction access is restricted.
- [Risk Disclosure](https://docs.arcx.trade/legal/risk-disclosure.md): Key risks for vToken, ST, EPT, CreditTokens, market makers, rewards, and order execution.
- [Terms of Use](https://docs.arcx.trade/legal/terms-of-use.md): Terms for accessing ArcX documentation, interfaces, and protocol-related information.
- [Quick Reference](https://docs.arcx.trade/reference/glossary-and-reference.md): Token summary, key equations, fees, and series mechanics at a glance.

## OpenAPI Specs

- [openapi](https://docs.arcx.trade/api-reference/openapi.json)