> ## Documentation Index
> Fetch the complete documentation index at: https://docs.morpheum.org/llms.txt
> Use this file to discover all available pages before exploring further.

# Introduction

> What Morpheum is and how to use it

## What is Morpheum?

**Morpheum** is a high-performance decentralized trading platform. It is built for developers and agents who need fast, reliable, and secure trading infrastructure.

In simple terms:

* **Fast and cheap**: Orders are confirmed in under 100ms. There are no gas fees for submitting transactions.
* **Fair ordering**: Order flow is ordered fairly (VRF-based) to reduce MEV and front-running.
* **Real-time trading**: A zero-contention orderbook (Zero CLOB) matches orders in under 20μs with price-time priority.
* **Oracles built-in**: Mark price, index price, TWAP, and other feeds stream in real time over WebSocket and gRPC.
* **Risk and capital**: Cross-margin and isolated buckets, liquidations, positions, and PnL are handled on-chain.
* **Cross-chain**: You can move assets and interact with other chains via Hyperlane.

Consensus uses **MorphDAG-BFT**: a DAG-based, Byzantine-fault-tolerant design that supports sharding and scales to 100k+ TPS with sub-100ms finality. The system is production-ready and suitable for building trading apps, bots, and agent-driven workflows.

## Who is this for?

This documentation is for:

* **Developers** integrating with Morpheum APIs, orderbooks, and streaming data.
* **Agents and bots** that need clear rules, endpoints, and behavior to automate trading or risk checks.
* **Operators** who need to understand policies, safety thresholds, and listing requirements.

## Get started

<Card title="Quickstart" icon="rocket" href="quickstart" horizontal>
  Pick MCP, DEX CLI, or SDK and map your product to the right integration depth.
</Card>

<Card title="DEX CLI" icon="terminal" href="dex-cli" horizontal>
  Command-line usage for Morpheum chain operations—see the morpheum-cli repository.
</Card>