# Public Pools Public Pools allow participants to combine funds under a designated operator who trades on their behalf. Whitelisted users can create a Public Pools to attract participants and manage pooled capital. Profits are distributed to participants after deducting the operator’s fee. #### Pool Operators Operators are, currently, whitelisted by the protocol to run strategies. Trading is conducted via a Sub Account in the Operator's account. Considerations: * **Operator Fee:** The percentage of profits allocated to the operator upon participant withdrawals as compensation for managing the pool. * **Minimum Operator Share:** The minimum ownership percentage the operator must maintain in the pool to remain aligned with its performance. For example, if the minimum operator share is set at 10% and the operator deposits 10,000 USDC, participants may deposit up to 90,000 USDC. * **Isolated Margin:** Public Pools do not support isolated positions. #### Pool Depositors Depositors allocate capital to pools running strategies they are interested in. When depositing into a Public Pool, depositors receive pool shares, which are redeemed upon withdrawal. Unlike many DeFi vaults, Public Pools do not impose lockup periods, and funds can be withdrawn at any time. --- # 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/public-pools.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.