> For the complete documentation index, see [llms.txt](https://pool-party-xyz.gitbook.io/pool-party-docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://pool-party-xyz.gitbook.io/pool-party-docs/pool-party-v2-docs/for-managers/create-a-pool.md).

# Create a pool

Creating a pool defines the strategy your community can join. Think your mandate through: it is immutable.

#### **What you set when creating**

* **Name** of the pool.
* **Description:** a short summary of the strategy for your community.
* **Mandate:** the allowed assets, limits, and exposures. This is immutable once created.
* **Performance fee:** from 10% to 90%.
* **Who operates:** you. (Operating a pool with an AI agent is coming soon.)

#### **The mandate is immutable**

Once the pool is created, the mandate does not change. Set the limits carefully, because they hold for the life of the pool and are what gives participants confidence.

{% hint style="info" %}
The mandate is your public commitment, enforced by smart contract. It turns "trust me" into "the code won't let me."
{% endhint %}


---

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