# Portfolio Structure

The ELYFI Protocol is organized into multiple portfolios. Users can view the existing portfolios within the protocol and allocate their liquidity to a specific portfolio based on a combination of stability and return. Each portfolio has an administrator, called an Asset Originator. An Asset Originator may borrow cryptos. Each portfolio has a cap, determined by the protocol based on the Asset Originator's deposit, reputation, and trustworthiness. This cap limits the accumulation of assets within the portfolio.

#### Portfolio States

There are five states of a portfolio:

* Funding status: This is the stage where depositors can supply cryptocurrency to the pool.
* Funded status: The pool's target amount has been raised. A pool refund will be given if the pool cannot be raised within the stipulated period.
* Live status: The loan and repayment is in progress.
* Stopped state: When a change in exchange rate or overdue amount occurs in a pool that is in Live state, it becomes Stopped when certain conditions are met. When a pool is stopped, loans become unavailable, and borrowers have a grace period (e.g. 7 days). During the grace period, if conditions are not met and cannot be returned to Live status, depending on the pool status, Senior Closed if all senior depositors can withdraw, or Closed if there is no default amount, all depositors can withdraw. State changes between Live and Stopped can be performed by anyone.
* Senior Closed Status: The Pool enters Senior Closed status when there is sufficient money for Senior Depositors to withdraw when the Pool reaches maturity or if conditions are not met during the grace period following suspension.
* Closed state: When a pool reaches maturity, or if conditions are not met during the grace period following a suspended state, the pool enters the Closed state when all redemptions are complete and the pool is closed.


---

# Agent Instructions: 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:

```
GET https://docs-v2.elyfi.world/portfolios-and-asset-management/portfolio-structure.md?ask=<question>
```

The question should be specific, self-contained, and written in natural language.
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.