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

# Introduction

- [Derivative contracts](https://docs.divaprotocol.io/introduction/derivative-contracts.md): Understanding the essence of DIVA Protocol
- [What is DIVA Protocol](https://docs.divaprotocol.io/introduction/what-is-diva-protocol.md): A permissionless protocol for creating derivative contracts peer-to-peer
- [What problem does it solve](https://docs.divaprotocol.io/introduction/what-is-diva-protocol/what-problem-does-it-solve.md): Eliminating the need for a central intermediary in derivative contracts
- [How it works](https://docs.divaprotocol.io/introduction/what-is-diva-protocol/how-it-works.md): Leveraging smart contracts to enable peer-to-peer derivative contracts
- [Reference assets](https://docs.divaprotocol.io/introduction/what-is-diva-protocol/how-it-works/reference-assets.md): Choose any metric as underlying for your derivative contracts
- [Payoff curves](https://docs.divaprotocol.io/introduction/what-is-diva-protocol/how-it-works/payoff-curves.md): Enabling unparalleled customization through parametrization
- [Collateral](https://docs.divaprotocol.io/introduction/what-is-diva-protocol/how-it-works/collateral.md): Choose a wide range of ERC20 tokens as collateral
- [Oracles](https://docs.divaprotocol.io/introduction/what-is-diva-protocol/how-it-works/oracles.md): Choose any oracle for outcome reporting
- [Settlement](https://docs.divaprotocol.io/introduction/what-is-diva-protocol/how-it-works/settlement.md): DIVA Protocol's universal settlement process
- [Timelines](https://docs.divaprotocol.io/introduction/what-is-diva-protocol/how-it-works/settlement/timelines.md): Timelines during the settlement process
- [Challenge](https://docs.divaprotocol.io/introduction/what-is-diva-protocol/how-it-works/settlement/challenge.md): Optional feature to prevent human error during outcome reporting
- [Status](https://docs.divaprotocol.io/introduction/what-is-diva-protocol/how-it-works/settlement/status.md): An overview of the states indicating the status of the settlement process
- [Fast settlement](https://docs.divaprotocol.io/introduction/what-is-diva-protocol/how-it-works/settlement/fast-settlement.md): How users can exit their positions before the end of the settlement process
- [Fallback data provider](https://docs.divaprotocol.io/introduction/what-is-diva-protocol/how-it-works/settlement/fallback-data-provider.md): Increasing confidence of correct settlement by having a fallback data provider
- [Fees](https://docs.divaprotocol.io/introduction/what-is-diva-protocol/how-it-works/fees.md): Protocol and settlement fees
- [Compliance feature](https://docs.divaprotocol.io/introduction/what-is-diva-protocol/how-it-works/compliance-feature.md): Bridging the gap between DeFi and TradFi
- [Vision](https://docs.divaprotocol.io/introduction/what-is-diva-protocol/vision.md): Powering the world of derivatives
- [Terminology](https://docs.divaprotocol.io/introduction/what-is-diva-protocol/terminology.md): A glossary of DIVA Protocol specific terminology
- [What is DIVA Token](https://docs.divaprotocol.io/introduction/what-is-diva-token.md): Enabling efficient and effective protocol governance
- [Owner election mechanism](https://docs.divaprotocol.io/introduction/what-is-diva-token/owner-election-mechanism.md): Enabling effective and efficient protocol governance without sacrificing decentralization
- [Token distribution](https://docs.divaprotocol.io/introduction/what-is-diva-token/token-distribution.md): Long-term focused and sustainable
- [DIVA Development Fund](https://docs.divaprotocol.io/introduction/diva-development-fund.md): Securing the future of DIVA Protocol
- [FAQ](https://docs.divaprotocol.io/introduction/faq.md): Frequently asked questions by the DIVA community