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

# HOW IT WORKS

- [The CORE](https://docs.gradient.trade/how-it-works/the-core.md): Gradient's proprietary Coordinated Order Routing Engine
- [Gradient's Layers](https://docs.gradient.trade/how-it-works/gradients-layers.md): Gradient is composed of 3 trading layers — modular by design, but unified in purpose: to power efficient, price-impact free trading.
- [The Flash Layer](https://docs.gradient.trade/how-it-works/gradients-layers/the-flash-layer.md): Gradient's dedicated layer for instant order fulfillment
- [The Matching Layer](https://docs.gradient.trade/how-it-works/gradients-layers/the-matching-layer.md): Gradient’s dynamic peer-matching layer
- [The Fallback Layer](https://docs.gradient.trade/how-it-works/gradients-layers/the-fallback-layer.md): Gradient’s final routing layer for constraint-respecting AMM execution
- [Who Benefits?](https://docs.gradient.trade/how-it-works/who-benefits.md): A breakdown of how gradient creates value for every participant