> For the complete documentation index, see [llms.txt](https://docs.hyperionx.xyz/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.hyperionx.xyz/more/glossary.md).

# Glossary

In Hyperion Exchange (HyperionX), users can play various roles and perform diverse operations:\
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**Roles:**

1. User: Everyone using the platform, including traders, liquidity providers (LPs), and token holders.
2. Trader: A user who trades on the exchange.
3. Liquidity Provider (LP): A user who provides liquidity to the exchange, obtaining HLP in return for depositing USDX and earning liquidity profits.
4. Holder: A user holding HPX tokens, who can either interact with the exchange or become LPs/Traders.
5. Staker: A user who stakes HLP to earn rewards.
6. VIP: Users who reach a specific trading volume or HLP staking amount.
7. Inviter: Users who send invitation codes and earn profits from invitees.
8. Invitee: Users who use invitation codes.

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**Operations:**

1. Trade: Opening, closing, and swapping actions performed by users on HyperionX.
2. Perpetual: Buying long or selling short contracts on the Perp page, adjusting margin.
3. Options: Opening, closing, and settling operations on the Options page.
4. Buy HLP: Providing USDX to mint HLP, earning liquidity profits.
5. Sell HLP: Destroying HLP to retrieve USDX.
6. Stake SLP: Staking HLP tokens to earn rewards.
7. Unlock: Retrieving locked HLP tokens.
8. One-Click Trade (1CT): Allows users to trade without pop-up confirmations.

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**Trading Behaviors:**

1. Users gain profits or incur losses from the liquidity pool through trading.
2. Perpetual contracts are settled in USDX, allowing users to profit from long or short positions.

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**Menu Bar:**

1. Borrow Fee: Interest rate for borrowed funds.
2. Long Open Interest (OI L): Total amount of perpetual contracts held by long positions.
3. Short Open Interest (OI S): Total amount of perpetual contracts held by short positions.
4. Long/Short Ratio (L/S): Ratio of long to short position volumes.
5. Funding Rate: Funding fees paid between long and short positions.

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**Trading Window:**

1. Long: Going long, profiting from price increases.
2. Short: Going short, profiting from price decreases.
3. Market Order: Executing trades at market prices.
4. Limit Order: Setting trades at specific prices.
5. Available Balance: Funds in the exchange wallet.
6. Available Liquidity: Remaining liquidity available for trading.
7. Total Position: Holding volume of perpetual futures contracts.
8. Stop Orders: Stop loss and take profit orders.
9. Collateral: Funds required to open a position.
10. Liquidation Price (Liq.Price): Price at which perpetual futures are forcibly settled.
11. Trading Fees: Fees paid for placing orders/closing positions.