# Basics

- [Leveraged Tokens](/basics/leveraged-tokens.md): Constant leveraged exposure without margin management
- [How Leveraged Tokens Work](/basics/how-leveraged-tokens-work.md): The mechanics behind constant leverage
- [Synthetix Perps Engine](/basics/how-leveraged-tokens-work/synthetix-perps-engine.md): TLX leveraged tokens are backed by perpetual futures on Synthetix
- [Rebalancing](/basics/how-leveraged-tokens-work/rebalancing.md): Maintaining a constant leverage factor
- [Keepers](/basics/how-leveraged-tokens-work/keepers.md): The keeper network monitors prices and triggers rebalancing events
- [ERC-20 compliance](/basics/how-leveraged-tokens-work/erc-20-compliance.md): Leveraged exposure paired with flexible tokenization
- [Effects of rebalancing](/basics/how-leveraged-tokens-work/effects-of-rebalancing.md): A different form of leveraged exposure
- [Fees](/basics/fees.md)
- [Tokenomics](/basics/tokenomics.md): Decentralization through the $TLX governance token
- [Understanding $TLX](/basics/tokenomics/understanding-usdtlx.md): The TLX governance token
- [Bonding for $TLX](/basics/tokenomics/bonding-for-usdtlx.md)
- [Protocol-owned Liquidity](/basics/protocol-owned-liquidity.md): Protocol-owned liquidity can be reallocated through governance
- [Guides](/basics/guides.md): How to use TLX
- [Minting](/basics/guides/minting.md): How to mint a leveraged token
- [Redeeming](/basics/guides/redeeming.md): How to redeem a leveraged token
- [Sequential redeeming](/basics/guides/sequential-redeeming.md): How to sequentially redeem a leveraged token