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

# Introduction

- [What is ETH Strategy](https://docs.ethstrat.xyz/introduction/what-is-eth-strategy.md): Why ETH Strategy exists, what it does, and the journey from idea to protocol.
- [Market Opportunity](https://docs.ethstrat.xyz/introduction/market-opportunity.md): The markets ETH Strategy is building into — and why the gap between TradFi infrastructure and DeFi represents a generational opportunity.
- [Protocol Overview](https://docs.ethstrat.xyz/introduction/protocol-overview.md): How STRAT, esETH, and CDT fit together to create non-liquidatable leveraged ETH exposure.
- [Token Routes](https://docs.ethstrat.xyz/introduction/token-routes.md): How esETH, STRAT, CDT, and NFT Options flow through the protocol — every route, every user journey.
- [Live Now](https://docs.ethstrat.xyz/introduction/live-now.md): Live products as of 19 October 2026 — bonding, note conversion, CDT liquidity, STRAT, and EARN.
- [Upcoming Release](https://docs.ethstrat.xyz/introduction/upcoming-release.md): Remaining planned features — new STRAT staking and Treasury Lending. Permissionless bonding is live.
- [Roadmap](https://docs.ethstrat.xyz/introduction/roadmap.md): Named phases from Genesis to the full protocol — where ETH Strategy has been and where it's going.