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

# How It Works

- [On-chain costs Prediction Markets](https://hedgehog-protocol.gitbook.io/main/how-it-works/on-chain-costs-prediction-markets.md)
- [Modular Synthetic Blockspace](https://hedgehog-protocol.gitbook.io/main/how-it-works/modular-synthetic-blockspace.md)
- [Minting](https://hedgehog-protocol.gitbook.io/main/how-it-works/minting.md): Initiating a Collateralized Debt Position (CDP)
- [Redemptions](https://hedgehog-protocol.gitbook.io/main/how-it-works/redemptions.md): Redemption of wstETH Collateral in Hedgehog Protocol
- [Liquidations](https://hedgehog-protocol.gitbook.io/main/how-it-works/liquidations.md): Liquidations in Hedgehog Protocol
- [Stability Pool](https://hedgehog-protocol.gitbook.io/main/how-it-works/stability-pool.md): Participation in the Stability Pool
- [Participation Markets](https://hedgehog-protocol.gitbook.io/main/how-it-works/participation-markets.md)
- [Protocol Fees](https://hedgehog-protocol.gitbook.io/main/how-it-works/protocol-fees.md)
- [Recovery Mode](https://hedgehog-protocol.gitbook.io/main/how-it-works/recovery-mode.md)
- [Dynamic Fees](https://hedgehog-protocol.gitbook.io/main/how-it-works/dynamic-fees.md)
- [FAQ](https://hedgehog-protocol.gitbook.io/main/how-it-works/faq.md)
- [B2B solutions](https://hedgehog-protocol.gitbook.io/main/how-it-works/b2b-solutions.md): Hedgehog v2 Gas Fees Hedging Architecture