> For the complete documentation index, see [llms.txt](https://docs.amfi.finance/home/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.amfi.finance/home/how-to-launch-a-pool.md).

# How to launch a pool

Now that you know how our pools work and the benefits of using the AmFi platform to structure your credit operation, let us take a look at the process of opening a pool.

### To summarize the process:

* After approval through our onboarding/KYP process, where we assess origination capacity and fraud history, among other things, the originator can configure their pool.
* On the AmFi platform, Originators configure the [**parameters for the pool**](/home/how-to-launch-a-pool/amfi-factory.md) they want to create - such as pool size, assets accepted as collateral, and dozens of others. AmFi's off-chain backend then deploys on-chain smart contracts according to those parameters.
* These parameters, along with AmFi's rules for good risk management, form the **Pool Policy**. This is a set of written rules against which each loan and its collateral are validated (automatically and on-chain) before funds are released.
* **A pre-built Special Purpose Vehicle (**[**SPV**](/home/glossary.md)**)** is automatically bound to this pool with all the legal bindings required for the capital flow and custody of the financing operations.
* The Originators themselves are responsible for providing or fund-raising a small amount of first-loss capital to be invested in the Pool (between 5% and 25% of the maximum size of the Pool ). This is one of the measures to align the interests of Originators and Investors.
* Once the pool is invested with a certain amount of capital (the pool does not have to be fully filled to start operating), the originator can start operations, acquiring assets and making loans to its borrowers!

{% hint style="info" %}
The first Originators were personally vetted by AmFi. Over time, anyone will be able to apply and go through AmFi's automated and independent [**KYP**](/home/glossary.md) process, and those who meet the requirements will be able to become Originators.
{% endhint %}