# RECORD Pools

RECORD Pools aggregate capital, manage underwriting, and allocate risk for IP investments, providing a structured and transparent platform for both issuers and investors.

#### Issuer-Defined, Protocol-Governed

Issuers specify deal parameters such as asset, yield expectations, maturity, capital requirements, and underperformance clauses. Issuers stake $RECORD tokens as underwriting fees, aligning interests and signalling commitment, refunded upon full capital repayment.

#### Risk-Managed Structuring

Pools undergo dual-layer diligence:

* Internal Review: RECORD Underwriters evaluate asset performance and risk.
* Independent Validation: Third-party assessments confirm deal quality and projections.

#### Investor Participation

Investors allocate capital fractionally, receiving NFT-linked claims for transparent tracking of contributions, yields, and redemptions, enabling potential secondary market liquidity.

#### Modular Finance Design

RECORD Pools serve as composable financial building blocks, standardising risk, capital allocation, and redemption processes to enable auditable and decentralised IP finance.