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

# Liquidity & AMM

- [How the AMM Works](https://docs.fractit.com/liquidity-and-amm/how-the-amm-works.md): Fractit's secondary market is powered by a constant product AMM — the same foundational mechanism used across decentralised finance
- [Liquidity Providers](https://docs.fractit.com/liquidity-and-amm/liquidity-providers.md): Fractit's AMM pool is seeded and maintained entirely by Liquidity Providers (LPs). There is no protocol-owned liquidity.