> 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/markets.md).

# 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.