How do Liquidity Pools work?

Each Liquidity Pool on Maple is managed by a Pool Delegate. Pool Delegates are responsible for completing assessments of Borrowers and privately negotiating loan terms before lending from their managed Liquidity Pool. The" Explore Liquidity Pools" page on the Maple website presents a dashboard of available Liquidity Pools, displaying their key performance metrics including value of loans made by the Pool, interest earned, APY, as well as any uncovered losses from Borrower defaults.