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

# Fundamentals

- [Option Contract](https://doc.gammaoptions.com/docs/fundamentals/option-contract.md): Learn how option contract is specified on Gamma Options
- [Margin](https://doc.gammaoptions.com/docs/fundamentals/margin.md): Margin system overview - what are the components, and how they interoperate together
- [Margin Pool](https://doc.gammaoptions.com/docs/fundamentals/margin/margin-pool.md): Learn how Margin Pool component is specified, and why it's integral part of the margin system on Gamma Options
- [Margin Account](https://doc.gammaoptions.com/docs/fundamentals/margin/margin-account.md): Learn how margin account is implemented on Gamma, and how to take advantage of leverage provided by margin while also managing risks
- [Account Liquidation](https://doc.gammaoptions.com/docs/fundamentals/margin/account-liquidation.md): Learn how accounts are liquidated, what happens during liquidation, and who stakeholders are.
- [Insurance Fund](https://doc.gammaoptions.com/docs/fundamentals/margin/insurance-fund.md): Learn how the Insurance Fund safeguards lenders by covering potential losses, how to participate and earn rewards, and the associated risks for users who deposit funds into the Insurance Fund
- [Markets](https://doc.gammaoptions.com/docs/fundamentals/markets.md): Learn about markets on Gamma Options, how they work, and how to take advantage of price differences between markets.
- [Vol-range AMM](https://doc.gammaoptions.com/docs/fundamentals/markets/vol-range-amm.md): Learn what the volatility-range AMM is and how it works for traders and LPs
- [LP Position](https://doc.gammaoptions.com/docs/fundamentals/markets/lp-position.md): Learn about LP positions, margining, LP Health, and the conditions leading to liquidation.
- [LP Position Risks & Rewards](https://doc.gammaoptions.com/docs/fundamentals/markets/lp-position-risks-and-rewards.md): Understanding the risks of holding a LP position on Gamma Options: Option risk, trading risk, price divergence, and LP position liquidation explained.
- [Fee Structure](https://doc.gammaoptions.com/docs/fundamentals/markets/fee-structure.md): Explore Gamma Options' fee system: fee distribution, spread and slippage insights. Understand costs and make informed trades.
- [Settlement](https://doc.gammaoptions.com/docs/fundamentals/settlement.md)
- [FAQs](https://doc.gammaoptions.com/docs/fundamentals/faqs.md): Find answers to some of the most frequently asked questions for Gamma Options protocol.