# Real World Assets (RWAs) RWAs are tradeable 24/7 and include commodities, equities, and fixed income markets. The Experimental Liquidity Provider (XLP) previously served as the primary liquidity provider for these markets. The Lighter Liquidity Provider (LLP) now manages liquidity and handles liquidations. RWAs are subject to liquidations in the same manner as all other markets on the exchange. #### Leverage Leverage does not change outside trading hours. A 10× long position on Gold (XAU) remains unchanged, and there is no requirement to reduce exposure. However, price volatility may increase at market open. #### Market structure All RWA markets support both Isolated and Cross Margin modes. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.lighter.xyz/trading/real-world-assets-rwas.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.