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

# Protocol Design & Specifications

- [SMART Tokens](https://docs.riskprotocol.io/protocol-design-and-specifications/smart-tokens.md): Split Mechanism for Asset Risk-Tokenisation
- [Primary Attributes](https://docs.riskprotocol.io/protocol-design-and-specifications/smart-tokens/primary-attributes.md): Unique Design Features of SMART Tokens
- [Utility & Benefits](https://docs.riskprotocol.io/protocol-design-and-specifications/smart-tokens/utility-and-benefits.md)
- [Split & Redeem](https://docs.riskprotocol.io/protocol-design-and-specifications/smart-tokens/split-and-redeem.md)
- [Rebalance](https://docs.riskprotocol.io/protocol-design-and-specifications/smart-tokens/rebalance.md)
- [Risk Marketplace](https://docs.riskprotocol.io/protocol-design-and-specifications/risk-marketplace.md): DEX providing liquidity for the SMART Tokens
- [Providing Liquidity](https://docs.riskprotocol.io/protocol-design-and-specifications/risk-marketplace/providing-liquidity.md)
- [Dynamic LP Fees](https://docs.riskprotocol.io/protocol-design-and-specifications/risk-marketplace/dynamic-lp-fees.md): LP Fees vary based on real-time volatility
- [Wrappers](https://docs.riskprotocol.io/protocol-design-and-specifications/wrappers.md)
- [Flashloans](https://docs.riskprotocol.io/protocol-design-and-specifications/flashloans.md)
- [Trading Bots](https://docs.riskprotocol.io/protocol-design-and-specifications/trading-bots.md)
- [Protocol Fees](https://docs.riskprotocol.io/protocol-design-and-specifications/protocol-fees.md)
- [Product Specifications](https://docs.riskprotocol.io/protocol-design-and-specifications/product-specifications.md): Specs of the different types of SMART Tokens offered by The Risk Protocol
- [RiskON & RiskOFF](https://docs.riskprotocol.io/protocol-design-and-specifications/product-specifications/riskon-and-riskoff.md): Version 12.06.25
- [Risk Engine](https://docs.riskprotocol.io/protocol-design-and-specifications/risk-engine.md)
- [Components](https://docs.riskprotocol.io/protocol-design-and-specifications/risk-engine/components.md)
- [Forecasting Volatility](https://docs.riskprotocol.io/protocol-design-and-specifications/risk-engine/forecasting-volatility.md)
- [Valuing SMART Tokens](https://docs.riskprotocol.io/protocol-design-and-specifications/risk-engine/valuing-smart-tokens.md)


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