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

# Merlin Protocol

- [Intro](https://merlin-protocol.gitbook.io/merlin_protocol/merlin-protocol/intro.md)
- [0. Abstract - Features Implemented at the Choice of the DAO](https://merlin-protocol.gitbook.io/merlin_protocol/merlin-protocol/0.-abstract-features-implemented-at-the-choice-of-the-dao.md)
- [1. Decentralization and DeFi](https://merlin-protocol.gitbook.io/merlin_protocol/merlin-protocol/1.-decentralization-and-defi.md)
- [1.1 Features implementable at the choice of MerlinDAO](https://merlin-protocol.gitbook.io/merlin_protocol/merlin-protocol/1.-decentralization-and-defi/1.1-features-implementable-at-the-choice-of-merlindao.md)
- [1.2 Computer system](https://merlin-protocol.gitbook.io/merlin_protocol/merlin-protocol/1.-decentralization-and-defi/1.2-computer-system.md)
- [1.3 Onchain Vs Offchain](https://merlin-protocol.gitbook.io/merlin_protocol/merlin-protocol/1.-decentralization-and-defi/1.3-onchain-vs-offchain.md)
- [1.4 Risk Management](https://merlin-protocol.gitbook.io/merlin_protocol/merlin-protocol/1.-decentralization-and-defi/1.4-risk-management.md)
- [2. The Merlin token, the MerlinDAO and future scenarios](https://merlin-protocol.gitbook.io/merlin_protocol/merlin-protocol/2.-the-merlin-token-the-merlindao-and-future-scenarios.md)
- [2.1 Merlin token (MRN)](https://merlin-protocol.gitbook.io/merlin_protocol/merlin-protocol/2.-the-merlin-token-the-merlindao-and-future-scenarios/2.1-merlin-token-mrn.md)
- [2.2 Merlin DAO](https://merlin-protocol.gitbook.io/merlin_protocol/merlin-protocol/2.-the-merlin-token-the-merlindao-and-future-scenarios/2.2-merlin-dao.md)
- [2.3 Scenario of possible monetization of the MerlinProtocol](https://merlin-protocol.gitbook.io/merlin_protocol/merlin-protocol/2.-the-merlin-token-the-merlindao-and-future-scenarios/2.3-scenario-of-possible-monetization-of-the-merlinprotocol.md)
- [2.3.1 Liquidity in the Liquidity Pool, Token Buyback and Burning](https://merlin-protocol.gitbook.io/merlin_protocol/merlin-protocol/2.-the-merlin-token-the-merlindao-and-future-scenarios/2.3-scenario-of-possible-monetization-of-the-merlinprotocol/2.3.1-liquidity-in-the-liquidity-pool-token-buyback-and-burning.md)
- [2.3.2 The types of commissions that end up in the Liquidity Pools](https://merlin-protocol.gitbook.io/merlin_protocol/merlin-protocol/2.-the-merlin-token-the-merlindao-and-future-scenarios/2.3-scenario-of-possible-monetization-of-the-merlinprotocol/2.3.2-the-types-of-commissions-that-end-up-in-the-liquidity-pools.md)
- [2.4 Staking](https://merlin-protocol.gitbook.io/merlin_protocol/merlin-protocol/2.-the-merlin-token-the-merlindao-and-future-scenarios/2.4-staking.md)
- [2.5 Tokenomics](https://merlin-protocol.gitbook.io/merlin_protocol/merlin-protocol/2.-the-merlin-token-the-merlindao-and-future-scenarios/2.5-tokenomics.md)
- [3. Funds](https://merlin-protocol.gitbook.io/merlin_protocol/merlin-protocol/3.-funds.md)
- [3.1 Top Cap](https://merlin-protocol.gitbook.io/merlin_protocol/merlin-protocol/3.-funds/3.1-top-cap.md)
- [3.2 Middle Cap](https://merlin-protocol.gitbook.io/merlin_protocol/merlin-protocol/3.-funds/3.2-middle-cap.md)
- [3.3 Thematic Baskets](https://merlin-protocol.gitbook.io/merlin_protocol/merlin-protocol/3.-funds/3.3-thematic-baskets.md)
- [3.4 Basket managed directly by MerlinDAO](https://merlin-protocol.gitbook.io/merlin_protocol/merlin-protocol/3.-funds/3.4-basket-managed-directly-by-merlindao.md)
- [3.5 Index managed by AI](https://merlin-protocol.gitbook.io/merlin_protocol/merlin-protocol/3.-funds/3.5-index-managed-by-ai.md)
- [4. How to use WebAPP to create and invest in TokenXFund decentralized funds](https://merlin-protocol.gitbook.io/merlin_protocol/merlin-protocol/4.-how-to-use-webapp-to-create-and-invest-in-tokenxfund-decentralized-funds.md)
- [4.1 Aladin fund creator user](https://merlin-protocol.gitbook.io/merlin_protocol/merlin-protocol/4.-how-to-use-webapp-to-create-and-invest-in-tokenxfund-decentralized-funds/4.1-aladin-fund-creator-user.md)
- [4.1.1 Use Case UCF1](https://merlin-protocol.gitbook.io/merlin_protocol/merlin-protocol/4.-how-to-use-webapp-to-create-and-invest-in-tokenxfund-decentralized-funds/4.1-aladin-fund-creator-user/4.1.1-use-case-ucf1.md)
- [4.2 User investor of a fund](https://merlin-protocol.gitbook.io/merlin_protocol/merlin-protocol/4.-how-to-use-webapp-to-create-and-invest-in-tokenxfund-decentralized-funds/4.2-user-investor-of-a-fund.md)
- [4.2.1 Use Case UIF1](https://merlin-protocol.gitbook.io/merlin_protocol/merlin-protocol/4.-how-to-use-webapp-to-create-and-invest-in-tokenxfund-decentralized-funds/4.2-user-investor-of-a-fund/4.2.1-use-case-uif1.md)
- [4.2.2 Example: UIF1 use case](https://merlin-protocol.gitbook.io/merlin_protocol/merlin-protocol/4.-how-to-use-webapp-to-create-and-invest-in-tokenxfund-decentralized-funds/4.2-user-investor-of-a-fund/4.2.2-example-uif1-use-case.md)
- [4.2.3 UIF2 use case](https://merlin-protocol.gitbook.io/merlin_protocol/merlin-protocol/4.-how-to-use-webapp-to-create-and-invest-in-tokenxfund-decentralized-funds/4.2-user-investor-of-a-fund/4.2.3-uif2-use-case.md)
- [4.2.4 Example: UIF2 use case](https://merlin-protocol.gitbook.io/merlin_protocol/merlin-protocol/4.-how-to-use-webapp-to-create-and-invest-in-tokenxfund-decentralized-funds/4.2-user-investor-of-a-fund/4.2.4-example-uif2-use-case.md)
- [5. The creation and management of managed funds](https://merlin-protocol.gitbook.io/merlin_protocol/merlin-protocol/5.-the-creation-and-management-of-managed-funds.md)
- [5.1 Active management](https://merlin-protocol.gitbook.io/merlin_protocol/merlin-protocol/5.-the-creation-and-management-of-managed-funds/5.1-active-management.md)
- [5.2 Performance and benchmark](https://merlin-protocol.gitbook.io/merlin_protocol/merlin-protocol/5.-the-creation-and-management-of-managed-funds/5.2-performance-and-benchmark.md)
- [5.3 Performance fees](https://merlin-protocol.gitbook.io/merlin_protocol/merlin-protocol/5.-the-creation-and-management-of-managed-funds/5.3-performance-fees.md)
- [5.4 Ranking of Managed Funds](https://merlin-protocol.gitbook.io/merlin_protocol/merlin-protocol/5.-the-creation-and-management-of-managed-funds/5.4-ranking-of-managed-funds.md)
- [6. Tokens to invest in](https://merlin-protocol.gitbook.io/merlin_protocol/merlin-protocol/6.-tokens-to-invest-in.md)
- [6.1 The selection criteria for big and mid cap tokens](https://merlin-protocol.gitbook.io/merlin_protocol/merlin-protocol/6.-tokens-to-invest-in/6.1-the-selection-criteria-for-big-and-mid-cap-tokens.md)
- [6.2 Selection criteria for small and micro caps and ranking of tokens to put in portfolios](https://merlin-protocol.gitbook.io/merlin_protocol/merlin-protocol/6.-tokens-to-invest-in/6.2-selection-criteria-for-small-and-micro-caps-and-ranking-of-tokens-to-put-in-portfolios.md)
- [6.3 Portfolio Composition Limits](https://merlin-protocol.gitbook.io/merlin_protocol/merlin-protocol/6.-tokens-to-invest-in/6.3-portfolio-composition-limits.md)
- [7. Oracles](https://merlin-protocol.gitbook.io/merlin_protocol/merlin-protocol/7.-oracles.md)
- [7.1 Decentralized Oracles](https://merlin-protocol.gitbook.io/merlin_protocol/merlin-protocol/7.-oracles/7.1-decentralized-oracles.md)
- [7.2 Oracle design pattern](https://merlin-protocol.gitbook.io/merlin_protocol/merlin-protocol/7.-oracles/7.2-oracle-design-pattern.md)
- [7.3 ChainLink oracles —> (ChainLink Docs)](https://merlin-protocol.gitbook.io/merlin_protocol/merlin-protocol/7.-oracles/7.3-chainlink-oracles-greater-than-chainlink-docs.md)
- [7.4 Decentralized Data Model](https://merlin-protocol.gitbook.io/merlin_protocol/merlin-protocol/7.-oracles/7.4-decentralized-data-model.md)
- [7.5 Data Security](https://merlin-protocol.gitbook.io/merlin_protocol/merlin-protocol/7.-oracles/7.5-data-security.md)
- [7.6 Uniswap v3 Pricing Oracles —> (Uniswap V3 whitepaper)](https://merlin-protocol.gitbook.io/merlin_protocol/merlin-protocol/7.-oracles/7.6-uniswap-v3-pricing-oracles-greater-than-uniswap-v3-whitepaper.md)
- [7.7 Random Number Generator Oracles](https://merlin-protocol.gitbook.io/merlin_protocol/merlin-protocol/7.-oracles/7.7-random-number-generator-oracles.md)
- [8. Swapping for fund rebalancing](https://merlin-protocol.gitbook.io/merlin_protocol/merlin-protocol/8.-swapping-for-fund-rebalancing.md)
- [8.1 What is a Swap and why to Swap](https://merlin-protocol.gitbook.io/merlin_protocol/merlin-protocol/8.-swapping-for-fund-rebalancing/8.1-what-is-a-swap-and-why-to-swap.md)
- [8.2 How to Swap](https://merlin-protocol.gitbook.io/merlin_protocol/merlin-protocol/8.-swapping-for-fund-rebalancing/8.2-how-to-swap.md)
- [8.3 When to Swap](https://merlin-protocol.gitbook.io/merlin_protocol/merlin-protocol/8.-swapping-for-fund-rebalancing/8.3-when-to-swap.md)
- [8.4 Javascript SDK for Uniswap v3](https://merlin-protocol.gitbook.io/merlin_protocol/merlin-protocol/8.-swapping-for-fund-rebalancing/8.4-javascript-sdk-for-uniswap-v3.md)
- [8.5 DEX Expansion](https://merlin-protocol.gitbook.io/merlin_protocol/merlin-protocol/8.-swapping-for-fund-rebalancing/8.5-dex-expansion.md)