# SLP - Senior Liquidity Pool

The Senior Liquidity Pool is a liquidity pool that covers the extra principal required once JLP targets are met.

The investments in SLP are insured by the ILP.

The SLP can be seen as a comparitvley safer investment strategy as compared to the ILP and JLP.

### Details

**Investment Token**: USDC

**Proof of Investment Token:** SLP Token

**Who Can Invest?**

* Everyone is able to invest in the SLP
* No auditing responsiblities over loans funded.

**Size**

* Max 80% of the loan principal - without a lower limit.
* The size of the SLP is determined by the size of the JLP

**Risk**

* Partially insured by the ILP
* Lower risk compared to ILP/JLP

**Returns**

* SLP is paid back principal and interest before the JLP, and before the ILP fees.
* Lowest returns per USD invested, but least exposure to potential defaults.