Pool’s Tokens are like a "digital receipt" that represents how much you have supplied to the pool. Each Pool has its own serie of tokens, with a distinct name composed of the protocol’s name, the Asset Originator and the pool number for that specific Asset Originator.
Let’s take a practical example with the soon to be open Fixed Pool to explain the identification of each Pool tokens.
Exemple with the first Fixed Pool Token the KH1 :
K (for Konkrete) - H (for Homunity) - 1 (first pool opened for Homunity)
For more information about the Pool’s token, refer to the the next part.
Understanding the risks ❕It is important to understand that you can lose money by participating in the Pools.
You can only participate in a Pool when a Pool is open. Typically, once a Pool is open, the community shares announcements using Discord and/or Telegram. This announcement will contain a Pool (an example is linked), which describes the Pool deal in depth. It typically holds the key terms of the loan agreement, the repayment schedule, FAQs, and other resources.
The maturity of a loan is a parameter that is fixed at the opening of the pool and visible on the pool’s description card.
Yes, as long as the liquidity provided has not been utilized by the borrower.
The Pool only supports USDC.