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

# Full Sail 101

Full Sail supports three core user roles: traders, liquidity providers, and veSAIL holders (voters). Each role interacts with the protocol differently, but all are integrated within the same AMM system.

## Traders

Traders benefit from deep, [concentrated liquidity](https://lfbuild.mintlify.app/tutorials/how-fullsail-works#concentrated-liquidity) and a [dynamic fee](https://lfbuild.mintlify.app/tutorials/how-fullsail-works#dynamic-swap-fees) model that adapts to market conditions. Swap execution is non-custodial, permissionless, and optimized through intelligent routing that finds the best price across multiple pools.

* Reduced slippage through concentrated liquidity
* Lower execution costs during stable conditions
* Automatic route optimization for best price

## Liquidity Providers (LPs)

LPs deposit token pairs into price-bounded ranges. These positions are active only when the market price is within the selected range, allowing LPs to concentrate capital where it is most useful.

* Earn rewards directed by prediction voting
* Define custom price ranges for capital efficiency
* Adjust, update, or withdraw positions at any time

## Voters

Locking [SAIL into veSAIL](/tokenomics/why-lock-sail-or-osail-into-vesail) grants governance power and access to protocol revenue.

* Earn 80% of trading fees passively, and 20% by participating in prediction voting
* Vote to direct emissions to specific liquidity pools based on predicted trading volume
* The closer the prediction aligns with actual volume, the higher the earned rewards

This structure ties emissions to real market activity and rewards accurate governance participation.