> For the complete documentation index, see [llms.txt](https://docs.lodacicero.finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.lodacicero.finance/jlp-junior-insurance-pool.md). # JLP - Junior Insurance Pool Once a JLP is opened, all public information about the loan and an expiry timestamp will be released. If the JLP reaches its target before expiry then the SLP automatically deplys the remaining capital required. ### Details **Investment Token**: USDC **Proof of Investment Token**: JLP receipt. #### Who Can Invest? * Everyone is able to invest in the JLP, however, each investor is assigned a reputation. * The maximum amount of allowed investment is based on the investor's JLP reputation (covered in Loans → Process) * A new JLP investor can only invest up to 5% of the pool size, the upper limit per investor overtime is 15% **Size of Pool** * Minimum 20% of loan principal, no upper limit * The size of the JLP is determined by the DAO #### Risk * In case of a default, JLP is first used to cover losses (first loss capital) * The last pool to be paid back * JLP has the highest risk out of any of the three pools **Returns** * The investment duration is longer than the SLP and ILP since the principal is returned after the SLP principal and profits are, as well as the ILP fees. * The JLP has the highest returns per USD invested compared to the SLP and ILP --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## 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, and the optional `goal` query parameter: ``` GET https://docs.lodacicero.finance/jlp-junior-insurance-pool.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal. 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.