---
description: Welcome to Cyberperp!
---

# Overview

**Cyberperp** is a decentralized spot and perpetual exchange built on the Iota EVM, tailored for traders seeking low swap fees and minimal price impact on trades. As a fork of GMX, Cyberperp inherits robust features and introduces specialized functionalities optimized for the Iota EVM ecosystem. This platform uniquely supports trading via a multi-asset liquidity pool, which not only facilitates trades but also rewards liquidity providers with fees from market making, swaps, and leveraged trading.

### Features

#### Low Swap Fees and Price Impact

Cyberperp minimizes costs and maximizes efficiency, making it an attractive platform for trading.

#### Multi-asset Liquidity Pool

Liquidity providers can contribute to a diverse pool of assets, earning fees from various sources:

* **Market Making:** Gain from the spread between buy and sell prices.
* **Swap Fees:** Earn a percentage from every asset swap on the platform.
* **Leverage Trading:** Receive a part of the fees generated from leveraged positions.

#### Dynamic Pricing

Prices on Cyberperps are dynamically sourced through [Pyth Oracles](https://pyth.network/), which ensures reliable and tamper-proof external data for accurate pricing.
