Leverage pools are responsible for managing leveraged positions and settlements.
Leveragers open leverage positions by simply depositing ETH or any supported LST to the protocol and defining a leverage level and maturity.
The best way to imagine what happens when a leverager opens a position is to visualise a vault that contains the leverager's own capital plus capital borrowed from the liquidity pool and cannot be withdrawn till maturity. However, leveragers can trade or borrow against their Non-fungible liquid staking tokens.