> For the complete documentation index, see [llms.txt](https://guide.dem.exchange/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://guide.dem.exchange/earn/liquidity-pools/perp-pools/user-created-pools.md).
# User Created Pools
## **What are User Created Pools?**
User Created Pools are perp pools created by users. Pool creators can trade perps on behalf of the pool’s depositing users.
### For Pool Creators
Pool Creators are users who create and manage a user pool. Pool Creators receive 10% of the pool’s profits.
#### Creating a pool
To create your own pool,
1. Click on Create Perp Pool on the Perp Pools page
2. Choose a pool name and a pool description
3. Deposit a minimum of 500 USD. Pool Creators must always maintain at least 5% of the pool’s value. Withdrawals are not allowed if they would reduce your share below 5%.
4. You have the option to set deposit and withdrawal fees, with the default fee being 0%. The maximum allowed fee for both deposits and withdrawals is 1%.
#### Managing your pool
To trade on behalf of your pool, switch from your personal account to your Pool account using the navigation bar. All trades made while in your Pool account will be executed on behalf of your created pool.
Pool Creators are responsible for manually approving withdrawal requests to release depositors’ funds from the pool.
Before closing the pool, Pool Creators must ensure all open positions are closed. Once the pool is closed, all depositors will automatically receive their share of the pool, along with their net PnL.
### For Pool Depositors
Pool Depositors are users who contribute funds to a user-created pool.
As a Pool Depositor, you can access key information about the pool, including performance, volume, open positions, and trade history. You can also see how many users have deposited into the vault and how long they’ve been supporting it.
#### Depositing into a pool
When you deposit funds, you will receive DPLT tokens, which represent your stake in the pool. Your deposited funds will be transferred to the Pool Creator’s Pool Account and will count as part of the Pool Creator’s margin.
#### Withdrawing from a pool
Depositors can only request to withdraw their funds 24 hours after making a deposit, to reduce pool volatility.
All withdrawals must be manually approved by the Pool Creator. Automatic withdrawals will be available soon.
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