# FAQs ### What is Pear Protocol? Pear is a **non-custodial trading front-end** for executing **pair trades** on integrated decentralized venues like Hyperliquid, Vertex, SYMMIO, and GMX.\ It lets you take simultaneous long and short positions on perps — with capital efficiency and risk transparency — all from one UI. *** ### Why trade pairs instead of just going long or short? Most traders lose money trying to time the market directionally.\ **Pair trading focuses on relative performance**, letting you express views like: * “SOL will outperform ETH” * “BTC will underperform ETH” * “Layer 2 tokens will outperform majors” It works in any market — bull, bear, or chop — and helps avoid getting chopped up by broad market swings. *** ### How does execution work? Pear is a **front-end interface** — not an exchange or custodian. * It splits your trade into **long** and **short** legs * It routes each leg to your selected venue * Both legs are timestamp-synced for execution efficiency * You always control your funds (they sit in your wallet or in the trading engine) *** ### Where are my funds held? It depends on the venue: * **GMX** → Trades directly from your wallet (Arbitrum) * **Hyperliquid, Vertex, SYMMIO** → You deposit collateral into the protocol’s trading engine. Pear manages positions but never holds custody. *** ### What assets can I trade? You can pair trade **any supported perp markets** on: * Hyperliquid * Vertex * SYMMIO * GMX The exact pairs depend on what each protocol offers. Pear auto-surfaces supported markets. *** ### How do fees work? When you trade via Pear: * You pay the normal trading fees of the underlying venue * You may receive **rebates** or **discounts** via staking PEAR or through referral rewards * On Hyperliquid, trades are routed with Pear’s **builder code**, and fees are transparently split per Hyperliquid’s public builder model *** ### Is Pear Protocol a DEX? No. Pear is a **trading layer and routing engine** — we don’t custody funds or match trades.\ We route orders to supported venues (DEXs or on-chain perps) using smart contracts or APIs. *** ### How do I hedge impermanent loss as an LP? Pear enables **pair trading limit orders**, which can be used to hedge concentrated liquidity positions.\ For example: If you LP in PEPE/ETH, you can set a pair trade (short PEPE, long ETH) to activate if price moves out of your LP range — mitigating impermanent loss. *** ### Do I need to hold $PEAR to use Pear? No — anyone can use Pear without holding $PEAR.\ However, holding and staking PEAR may unlock: * Trading fee discounts up to 50% * Volume based rebates * Governance participation *** ### Is Pear available on mobile? Currently, Pear is optimized for desktop.\ Mobile web is possible and a PWA is on the roadmap. *** ### Is there an API? Yes — Pear offers an **API** for strategy automation and execution.\ See the Architecture and Integration section for docs and examples. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.pearprotocol.io/resources/faqs.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.