> For the complete documentation index, see [llms.txt](https://docs.noon.capital/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.noon.capital/1.-noon-the-basics.md).

# 1. Noon: The Basics

- [Introduction](https://docs.noon.capital/1.-noon-the-basics/introduction.md)
- [The Opportunity](https://docs.noon.capital/1.-noon-the-basics/the-opportunity.md)
- [How It Works](https://docs.noon.capital/1.-noon-the-basics/how-it-works.md): This page walks through the moving parts of Noon: the tokens, how yield is generated and distributed, and how the pieces fit together.
- [How Noon Stacks Up](https://docs.noon.capital/1.-noon-the-basics/how-noon-stacks-up.md): Noon is unique amongst a sea of many yield-bearing stablecoin protocols. This page is about what distinguishes its design from competitors.
- [Vaults](https://docs.noon.capital/1.-noon-the-basics/vaults.md): Vaults are the easiest way to earn Noon yields.
- [Risks & Mitigants](https://docs.noon.capital/1.-noon-the-basics/risks-and-mitigants.md): Major risks and mitigants of the Noon protocol