> The index of every page is at https://docs.nova.markets/llms.txt. The complete documentation in one file is at https://docs.nova.markets/llms-full.txt.

# Conviction Pool

Address: https://docs.nova.markets/#/conviction-pool
Section: Earn

Deposit on the Conviction Pool and earn direct fee share from all Nova’s Markets and earn Conviction Points.

## What is the Conviction Pool?

The Conviction Pool is the pool that exists to provide liquidity for every Nova market launched in Conviction Markets. You deposit USDC; each newly listed market plugs straight into it, and markets can quickly grow in Open Interest.

## What it collects

- **15% of all trading fees** from Nova markets (opening and closing).
- **Borrowing fees** from every open position, for as long as it stays open.
- **Liquidation proceeds** when a position is liquidated.
- **Trader losses.**
- **Conviction Points**, on the capital you leave in.

The other side of it: when traders close in profit, the pool pays them.

## How pool capital accrues

Capital in the Conviction Pool earns points continuously through a reward index, from the moment it is deposited until the withdrawal is claimed; capital waiting out the withdrawal delay still counts. Only capital in the pool earns; nothing accrues to funds that have left.

## Epochs

Deposits are instant. Withdrawals are requests that settle after a delay counted in epochs, then you claim.

| Action | Settles |
| --- | --- |
| **Deposit** | Instantly, at the current share price |
| **Withdrawal** | After the withdrawal delay, counted in epochs, then claim your USDC |
| **Cancel** | Immediately, while still pending |

The epoch, the time left in it and the delay are shown before you confirm.