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

# Protocol

- [Protocol Basics](https://docs.impermax.finance/protocol/protocol-basics.md): Basic functions of the Impermax protocol.
- [Lending Pools and Collateral](https://docs.impermax.finance/protocol/lending-pools-and-collateral.md): These innovative models allow much higher leverage with less risk compared to other protocols.
- [Liquidation](https://docs.impermax.finance/protocol/liquidation.md): Liquidation happens when a loan is automatically repaid because the collateral is in danger of becoming too low to repay it.
- [Interest Rates](https://docs.impermax.finance/protocol/interest-rates.md): The interest rates on loans increase when there is more borrowing.
- [Price Oracle](https://docs.impermax.finance/protocol/price-oracle.md): Impermax uses a highly automated smart contract price oracle to monitor prices on Uniswap to calculate collateral valuation.
- [Risks](https://docs.impermax.finance/protocol/risks.md)