> For the complete documentation index, see [llms.txt](https://fermi-dex.gitbook.io/fermi-dex-docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://fermi-dex.gitbook.io/fermi-dex-docs/overview/what-we-do.md).

# What we do

CLOBs are the future for DEXes

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**In a nutshell:** Fermi DEX allows MM's to open orders without locking liquidity upfront. This leads to higher returns for MM's, and better trades for users.
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## Video overview

Got 2 minutes? Check out a video overview of our product:

{% embed url="<https://youtu.be/h1x7V-NZ3G4>" %}