# Participants There are mainly 4 types of participants in Liqee’s ecosystem: * Depositors (lenders) * Borrowers * Asset issuers * PoS and staking token delegates ### **Depositor (Lender)** A Depositor is a user that lends liquid staking token (as collateral), underlying PoS token or stablecoins (i.e USX) to the Liqee lending market. Deposited tokens are pooled and lent out to borrowers, with accrued interest pro-rata distributed to all depositors. Depositors receive newly minted qToken in exchange for their deposit. qToken tokens represent a depositor's share in the supply pool and can later be redeemed to claim the initial deposit, along with accrued interest. ### **Borrower** Borrower is a user that could deposit supported tokens as collateral to borrow other tokens (i.e underlying PoS tokens) from the Liqee lending market. Tokens supported by Liqee can be deposited and locked to create a loan position. Positions are required to maintain a loan-to-value (LTV) ratio below the set maximum. By borrowing, users can gain access to liquidity without losing price exposure to their originally held collateral assets. Liquid staking token holders are free from un-bonding periods as they gain instant liquidity by borrowing underlying tokens by supplying liquid staking tokens as collaterals. Borrowers should closely watch the LTV ratio, as loans with LTV ratios over the set maximum are subject to liquidation. ### **Tokenized Asset Issuer** Tokenized Asset Issuers are those who intend to issue tokenized assets on our platform. ### **PoS Token Delegates** Staking delegates are PoS token holders who would like to delegate their tokens to Liqee for validation services. --- # 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.liqee.io/about-liqee/participants.md?ask= ``` 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.