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

# What is PerpOne

PerpOne is a non-custodial trading interface built on top of HyperLiquid.\
It provides mobile-first trading, high-speed execution, and AI-driven automated strategies.

## Key Characteristics

* Non-custodial trading (HyperLiquid model)
* Trading permissions only (no withdrawal permissions)
* Cross-platform: H5, iOS, Android, Web
* Market data, execution, and positions synced in real time
* AI-powered strategy engine

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### What PerpOne Is Not

* Not a centralized exchange
* Not a wallet custodian
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