> For the complete documentation index, see [llms.txt](https://lenfi.gitbook.io/docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://lenfi.gitbook.io/docs/liquidity-pools/pool-manager-nft.md).

# Pool Manager NFT

When a liquidity pool is created, the creator is awarded a Pool Manager NFT. The NFT-holder has the exclusive right to manage certificates related to the pool's stake address.

The NFT-holder can perform any `certificate` action, such as

* Delegate to a stake pool
* Register a stake pool
* Deregister stake pool

As a protocol participant, the NFT-owner should manage the deposited ADA to generate maximum returns for depositors.

When the **pool is managed properly**:

* It generates high yields
* Deposits flow into the pool
* Full management of liquidity pool stake credentials for pool manager NFT

When the pool **is not managed properly**:

* Deposits flow out to high-yield pools
* Deposits flow out from the pool
* The pool manager does not control a significant amount of ADA

Lastly, the liquidity pool can be destroyed only if Pool Manager NFT is burned. <br>

{% hint style="info" %}
**Reminder**\
If you've created a liquidity pool, please refrain from withdrawing 100% of your liquidity if you do not intend to delete the pool. Removing all liquidity without deleting the pool risks forfeiting the Pool Deployment Fee (\~35 ADA).
{% endhint %}