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

# Swivel Exchange

- [Exchange Functions](https://docs.swivel.finance/swivel-exchange/exchange-functions.md): An overview of all exchange functions
- [Simple Fixed Yield Lending](https://docs.swivel.finance/swivel-exchange/exchange-functions/simple-fixed-yield-lending.md): A walkthrough for using the Swivel Simple UI to lend assets for a fixed rate.
- [Professional Fixed-Yield Lending](https://docs.swivel.finance/swivel-exchange/exchange-functions/fixed-yield-zctoken-1.md): How to enter fixed-yield positions on the Swivel Exchange.
- [Purchasing YTs](https://docs.swivel.finance/swivel-exchange/exchange-functions/floating-yield-notional-token.md): How to enter into floating-yield position by purchasing Yield Tokens.
- [Selling PTs](https://docs.swivel.finance/swivel-exchange/exchange-functions/fixed-yield-zctoken.md): How to exit fixed-yield positions on the Swivel Exchange.
- [Selling YTs](https://docs.swivel.finance/swivel-exchange/exchange-functions/floating-yield-notional-token-1.md): How to exit floating-yield position by selling Yield Tokens.
- [Splitting/Combining Tokens](https://docs.swivel.finance/swivel-exchange/exchange-functions/splitting-combining-tokens.md): How to split an underlying token into YTs & PTs, or combine YTs and zcTokens into an underlying token.
- [Redeeming Tokens/Interest](https://docs.swivel.finance/swivel-exchange/exchange-functions/redeeming-tokens-interest.md): How to redeem PTs and redeemable YT interest
- [Maturity](https://docs.swivel.finance/swivel-exchange/maturity.md): A description of what happens to markets once they are close to maturity, and after they mature.
- [Liquidity Incentives](https://docs.swivel.finance/swivel-exchange/liquidity-incentives.md): A description of Swivel's liquidity and market-making incentivization.
- [Minimums, Rate Limits & Fees](https://docs.swivel.finance/swivel-exchange/minimums-rate-limits-and-fees.md): An overview of key exchange parameters, all are subject to change but will be kept up to date here.
- [Retroactive Distribution](https://docs.swivel.finance/swivel-exchange/retroactive-distribution.md)
- [How to Claim SWIV Tokens](https://docs.swivel.finance/swivel-exchange/how-to-claim-swiv-tokens.md): A quick step-by-step walkthrough to claim your SWIV token rewards.