# Create Pool













Creating a pool on Spectra is completely permissionless.

In the top section of the module, you are presented with 3 areas for key ingredients required to create a pool - an interest-bearing token, Target APY, and maturity date.

<img alt="image (62)" src="__img0" />

**The first input** \[Select iBT] allows you to select a compatible interest-bearing token (iBT) from your wallet, which will serve as the pool's initial liquidity.

<img alt="image (61)" src="__img1" />

The second area requires you to define the pool's maturity. Choose from preset periods of 3, 6, or 12 months, or specify a custom date using the handy calendar feature. It can range from as little as 2 days to up to 4 years.

<img alt="image (64)" src="__img2" />

<Callout type="info">
  The starting date is pre-defined and cannot be altered.
</Callout>

The third area requires pool creators to enter the Target APY.  It is an estimate of the average annual percentage yield the pool aims to achieve over its lifespan.\
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To determine the target APY, the pool creator can utilize the native interest-bearing token (iBT) platform to check its current and historical APYs. Cross-referencing this data with reliable DeFi yield trackers, such as DefiLlama, provides a comprehensive view.

Below is an example of completed input fields.

<img alt="image (66)" src="__img3" />

Here's what the output area displays in our case:

<img alt="image (67)" src="__img4" />

The pool creator receives an LP token composed of iBT and Principal Token. Yield Tokens also result from the yield tokenization process; however, they are not a part of the pool composition. \
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After a successful pool creation, LP and YT tokens are displayed in Portfolio under their respective tabs.

<Callout type="info">
  LP token holders remain entitled to fees from Yield Token (YT) swaps as they are driven by flash swaps utilizing the `PT<>iBT` pool.
</Callout>

## **Questions?** [#questions]

[View this FAQ section on pool creation.](/docs/spectra/the-basics/faq#pool-creation)