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

# Introduction

## Why Paragon?

* **Native Hyperliquid listing** - Trade on app.hyperliquid.xyz where your capital sits
* **Standard perp mechanics** - Same margin, liquidation, and order types you know
* **Transparent methodology** - Published index constituents and weightings

## Quick Links

| Action         | Link                                               |
| -------------- | -------------------------------------------------- |
| Start trading  | [app.hyperliquid.xyz](https://app.hyperliquid.xyz) |
| Browse markets | [Crypto Indices](/markets/crypto-indices.md)       |

## Built on Hyperliquid

Paragon deploys via [HIP-3](/about-paragon/hip-3.md), inheriting Hyperliquid's:

* Low-latency order matching
* Deep liquidity infrastructure
* Battle-tested margin and liquidation systems
* Direct listing on app.hyperliquid.xyz

No new venue. No fragmented liquidity. Your capital stays where it is.

→ [Learn about HIP-3 Integration](/about-paragon/hip-3.md)

### HIP-3 Metadata

| Field          | Value                                        |
| -------------- | -------------------------------------------- |
| Name           | `para`                                       |
| Full Name      | `Paragon`                                    |
| Deployer       | `0x8888888c43cbb7e1c4132542e46831bffd866ed3` |
| Oracle Updater | `0x764Ed9D59C91a2C653Fd50C43585917366244335` |

## Transparent Methodology

Every index follows a published, auditable methodology:

* Constituent list and weightings publicly available
* Real-time price updates from multiple data sources
* Daily rebalancing with clear rules

Market makers can hedge efficiently. Traders can verify what they're trading.

→ [External Pricing](/markets/crypto-indices/external-pricing.md)


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