# Liquid > Liquid (liquid.trade) is a trading super app where anyone can trade crypto perpetuals with up to 200x leverage alongside stocks, commodities, FX, and event contracts from a single non-custodial interface. It is the consumer-facing front end for a unified, self-custodial terminal powered by Hyperliquid, Ostium, Kalshi, and Polymarket. Liquid combines decentralized perpetual exchanges, real-world asset (stock / commodity / FX) perpetuals, and prediction markets into one mobile and web app. Users deposit USDC from any major chain, trade with up to 200x leverage, and keep custody of their funds. AI-assisted order entry, one-tap Take Profit / Stop Loss, and an MCP server that lets ChatGPT or Claude trade on the user's behalf are supported. ## Product - [Home](https://liquid.trade): Product overview, live markets ticker, and onboarding. - [Web app](https://app.liquid.trade): Full trading terminal. - [MCP for AI clients](https://liquid.trade/coinvest): Connect ChatGPT, Claude, or any MCP-compatible client to Liquid. - [Support](https://liquid.trade/support): Help center and contact. - [Audits](https://liquid.trade/audits): Third-party security audits. - [Brand assets](https://liquid.trade/brand): Logos and brand kit. ## Key concepts - Perpetuals (perps): Crypto derivatives with no expiry, up to 200x leverage. - Real-world assets (RWAs): Perpetuals on stocks, commodities, and FX, traded on Arbitrum via Ostium. - Prediction markets: Binary Yes/No event contracts traded on Kalshi and Polymarket. - Non-custodial: Funds stay in the user's wallet — Liquid never takes custody. - Earn: Strategy-based yield vaults. - 200x leverage: Liquid supports up to 200x leverage on select crypto perps. - MCP: Model Context Protocol — lets LLM clients call Liquid tools directly. ## Blog - [Blog index](https://liquid.trade/blog): Trading guides, market analysis, and product updates. - [Co-Invest and the Singularity of Capitalism](https://liquid.trade/blog/co-invest-and-the-singularity-of-capitalism): Introducing Co-Invest, the first way to trade directly through ChatGPT and Claude, and a step toward intelligence-augmented capital allocation. - [Cross Margin vs Isolated Margin Explained](https://liquid.trade/blog/cross-margin-vs-isolated-margin): The key differences between cross margin and isolated margin — how each mode works, when to use them, and how your choice affects liquidation risk. - [How to Short Crypto Using Perpetual Futures](https://liquid.trade/blog/how-to-short-crypto): A practical guide to shorting crypto with perpetual futures — how it works, when to short, risk management, and common mistakes to avoid. - [What Are Funding Rates?](https://liquid.trade/blog/what-are-funding-rates): How funding rates keep perpetual futures prices aligned with spot markets — what they are, how they work, and how traders can use them strategically. - [What Is a Short Squeeze?](https://liquid.trade/blog/what-is-a-short-squeeze): How short squeezes work — why they happen, how to spot the setup, famous examples, and how to trade them with perpetual futures. - [What Is a Stop Loss and How to Set One](https://liquid.trade/blog/what-is-a-stop-loss): The essential guide to stop losses — what they are, how to set them, different stop loss types, and why they are the most important risk management tool in trading. - [What is Leverage Trading and How Does It Work?](https://liquid.trade/blog/what-is-leverage-trading): A complete guide to leverage trading — how it works, margin requirements, liquidation risks, and how to use leverage responsibly when trading perpetual futures. - [What Is Liquidation and How to Manage It](https://liquid.trade/blog/what-is-liquidation): Everything you need to know about liquidation in perpetual futures — how it happens, how liquidation prices are calculated, and how to avoid getting liquidated. - [How Anthropic Perps Work](https://liquid.trade/blog/how-anthropic-perps-work): Anthropic does not need to be publicly listed for a perp market to exist. The contract only needs a reliable oracle, with Nasdaq Private Market as the natural reference layer. - [How OpenAI Perps Work](https://liquid.trade/blog/how-openai-perps-work): Why OpenAI can trade as a perp even without a public listing: the market only needs a credible oracle, and Nasdaq Private Market is the right reference layer. - [How SpaceX Perps Work](https://liquid.trade/blog/how-spacex-perps-work): SpaceX is private, but a private company can still support a perp market. The contract only needs a robust oracle, and Nasdaq Private Market is the obvious anchor. - [Airdrop Farming: Theory and Practice](https://liquid.trade/blog/airdrop-farming): A guide to airdrop farming principles — why airdrops exist, how to minimize costs, delta-neutral hedging, and estimating airdrop value. ## Full content - [llms-full.txt](https://liquid.trade/llms-full.txt): All blog posts inlined as markdown for full LLM context. ## Optional - [Privacy policy](https://liquid.trade/privacy) - [Terms of service](https://liquid.trade/termsofservice)