> For the complete documentation index, see [llms.txt](https://docs.notional.finance/traders/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.notional.finance/traders/chinese/using-notional/liquidity-pools.md).

# Liquidity Pools

Notional makes fCash available to trade within its native AMM-enabled liquidity pools. A Notional liquidity pool holds fCash alongside its currency type (Dai and fDai for example). A liquidity pool refers to a **maturity** - A Dec 1 2020 liquidity pool holds Dec 1 2020 fCash.

![Dec 1 2020 DAI Liquidity Pool](/files/-MIVf609MCHVb8A4n91S)

### Maturities

Liquidity Pools roll on a set cadence depending on governance parameter settings.

![Quarterly DAI Liquidity Pools](/files/-MIVlecxoElATX7IzS2M)

### User Types

Three different user types interact with Notional's liquidity pools: lenders, borrowers, and liquidity providers.

![](/files/-MIVi4wTmi74l_8ImLBA)