# How it works

Atomic connects two participants: traders and lenders.

**For traders**\
Atomic works like a leveraged spot DEX. You select an asset, set your leverage, and open a long or short position. Your wallet balance serves as margin - no deposit step, no vault approval required. The positions are routed through KyberSwap and 0x aggregators for best execution across DEXes, giving you transparent on-chain execution with oracle-free pricing.

Total fees are 20 bps per round trip (10 bps to open + 10 bps to close) — among the lowest in the market.

**For lenders**\
Atomic offers a high-yield lending pool. Lenders supply USDC liquidity that traders borrow to open positions. In return, lenders earn 35–40% APY generated entirely from protocol trading fees — not token emissions.