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

# What is Atoma

RWA markets yield on USDC.

Atoma runs RWA vaults: market-neutral yield on USDC from stock, index and commodity perpetuals.

You deposit USDC once and hold vault shares. Atoma trades that capital across perpetual DEXs with hedged positions, so returns come from how markets are priced and funded rather than from where prices go. Trading return grows the share price, and points earned on the venues are distributed to depositors.

## Vaults

<table data-view="cards"><thead><tr><th></th><th></th><th data-hidden data-card-target data-type="content-ref"></th></tr></thead><tbody><tr><td><strong>Atoma Index</strong></td><td>Points-focused vault. Capital rotates across paired perpetual venues to maximize points from each platform.</td><td><a href="/vaults/atoma-index.md">Atoma Index</a></td></tr><tr><td><strong>Atoma RWA</strong></td><td>Return-focused vault. Market-neutral trading on stock and commodity perpetuals.</td><td><a href="/vaults/atoma-rwa.md">Atoma RWA</a></td></tr></tbody></table>

Both vaults hold the same kind of hedged positions and differ in what they optimize for. Atoma Index gives up some trading return to earn more venue points. Atoma RWA puts trading return first, with points on top. Deposits and withdrawals for both are made at [app.atoma.fi](https://app.atoma.fi).

## Strategies

<table data-view="cards"><thead><tr><th></th><th></th><th data-hidden data-card-cover data-type="files"></th><th data-hidden data-card-target data-type="content-ref"></th></tr></thead><tbody><tr><td><strong>Cross-Venue Spread Trading</strong></td><td>The core strategy. Captures price differences for the same underlying between two venues.</td><td><a href="https://1248180640-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fbixb58v1nJ6JAZwGeVWQ%2Fuploads%2Fgit-blob-4240d88f73d7e077410f651e8a4ca3f4c2baab07%2F02_spread.png?alt=media">02_spread.png</a></td><td><a href="/strategy/cross-venue-spread-trading.md">Cross-Venue Spread Trading</a></td></tr><tr><td><strong>Funding Arbitrage</strong></td><td>Earns the funding rate difference on the same hedged positions.</td><td><a href="https://1248180640-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fbixb58v1nJ6JAZwGeVWQ%2Fuploads%2Fgit-blob-8c8908d1c3fb065082e63197dbca07ace446efc2%2F01_funding.png?alt=media">01_funding.png</a></td><td><a href="/strategy/funding-arbitrage.md">Funding Arbitrage</a></td></tr><tr><td><strong>Points</strong></td><td>Venue points earned by the vaults, distributed to depositors.</td><td><a href="https://1248180640-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fbixb58v1nJ6JAZwGeVWQ%2Fuploads%2Fgit-blob-b34a6b1bfd055105dc849f54a96d9210367f415d%2F03_points.png?alt=media">03_points.png</a></td><td><a href="/strategy/points.md">Points</a></td></tr></tbody></table>

Cross-Venue Spread Trading is the core of Atoma's high-frequency trading engine, Funding Arbitrage earns an additional return on the same hedged positions, and venue points come on top. See [Strategies](/strategy/strategies.md).

## Get started

<table data-view="cards"><thead><tr><th></th><th></th><th data-hidden data-card-target data-type="content-ref"></th></tr></thead><tbody><tr><td><strong>How it works</strong></td><td>Deposits, share price and withdrawals.</td><td><a href="/getting-started/how-it-works.md">How it works</a></td></tr><tr><td><strong>Fees</strong></td><td>Performance and withdrawal fees.</td><td><a href="/using-atoma/fees.md">Fees</a></td></tr><tr><td><strong>Protocol Protections</strong></td><td>Custody, roles and on-chain limits.</td><td><a href="/security/protections.md">Protocol Protections</a></td></tr></tbody></table>