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

# What is Surge?

**Surge** is Radix's first decentralized exchange for perpetual futures, enabling leveraged trading on major crypto markets.

[Traders](/about-surge/traders.md) can take long or short positions across various tokens, with the flexibility to use high-quality collateral for margin. They can also set up separate accounts to segregate [collateral](/about-surge/collateral.md) and organize trades, giving them tailored control over their exposure.

For [liquidity providers](/about-surge/liquidity-providers.md) (LPs), Surge offers an opportunity to support the platform by staking xUSDC, allowing them to earn a share of trading fees generated from platform activity in return for taking the other side of traders' positions.

Surge’s pricing relies on an [Oracle](/about-surge/oracle.md) system, ensuring accurate and reliable market prices, supported by a system of [Keepers](/about-surge/keepers.md).