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

# Overview

The Vanila protocol is a decentralised exchange bringing expirable future contracts in Defi.

In DeFi, only perpetual futures exist. But since funding rates are unpredictable, traders do not have control over their costs. The vanila protocol brings expirable futures to DeFi to allow traders to set their costs upfront. More information on perpetual and expirable futures could be found in the next [section](/vanila/futures-contracts-1/futures-contracts.md). 

The vanila protocol hedges the positions taken by the traders to remove any impermanent losses for the liquidity providers and ensure a safe settlement for everyone. More information could be found in this [section](/vanila/vanila-protocol/hedging.md).

You can get in touch with us at <vanilaprotocol@gmail.com> .

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