> ## Documentation Index
> Fetch the complete documentation index at: https://docs.soroswap.finance/llms.txt
> Use this file to discover all available pages before exploring further.

# Concepts

> The conceptual toolkit behind Soroswap: AMMs, liquidity pools, swaps, fees, routing and the Stellar primitives they build on.

This section is your conceptual toolkit for understanding how Soroswap.Finance works. Before diving into tutorials or API calls, review these pages and master the fundamentals.

## What you'll find here

<Columns cols={2}>
  <Card title="AMM" icon="arrows-rotate" href="/concepts/amm">
    How an Automated Market Maker replaces the order book.
  </Card>

  <Card title="Liquidity Pools" icon="droplet" href="/concepts/liquidity-pools">
    Where the tokens you trade against actually live.
  </Card>

  <Card title="Swap" icon="right-left" href="/concepts/swap">
    What happens when you exchange one token for another.
  </Card>

  <Card title="Fees" icon="percent" href="/concepts/fees">
    What a trade costs and who collects it.
  </Card>

  <Card title="Slippage" icon="chart-line-down" href="/concepts/slippage">
    Why the price you get can differ from the price you saw.
  </Card>

  <Card title="Router" icon="route" href="/concepts/router">
    How a trade finds its way across pools.
  </Card>

  <Card title="SDEX" icon="building-columns" href="/concepts/sdex">
    The Stellar Classic order book, and how it differs from Soroban AMMs.
  </Card>

  <Card title="Aggregator" icon="layer-group" href="/concepts/aggregator">
    Splitting one trade across several protocols at once.
  </Card>

  <Card title="Bridge" icon="bridge" href="/concepts/bridge">
    Moving assets between Stellar and other chains.
  </Card>

  <Card title="Trustlines" icon="link" href="/concepts/trustlines">
    The Stellar rule you must satisfy before holding any non-native asset.
  </Card>

  <Card title="Oracles" icon="tower-broadcast" href="/concepts/oracles">
    Using pool reserves as an on-chain price feed.
  </Card>

  <Card title="Flash Swaps" icon="bolt" href="/concepts/flash-swaps">
    Withdrawing tokens first and paying for them in the same transaction.
  </Card>
</Columns>

## Going deeper

<Card title="Advanced Topics" icon="book-open" href="/concepts/advanced">
  Pricing, understanding returns, security and open research questions.
</Card>