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DAO Treasury POL

Since the days of the Meteor LBEarrow-up-right, Minswap Labs has focused on the importance of the DeFi concept of "Protocol-Owned Liquidity" (POL)arrow-up-right. In essence, it means a protocol owning its own liquidity, in the case of the Minswap DEX, it would for instance be if the DAO Treasury owned and managed MIN/ADA LP tokens.

Currently, there are 3 sources for the DAO Treasury POL:

  1. Meteor Liquidity Bootstrapping Event (LBE): Minswap was the first Protocol on Cardano to embrace POL through the Meteor LBEarrow-up-right. The LBE ensured a fair and transparent way to determine the initial price of the MIN/ADA price, while enabling the DAO Treasury to keep 50% of the LP Tokens generated from the event. These MIN/ADA LP Tokens are currently not Yield Farming, however they passively accumulate Trading Fees from swaps.

  2. Launchbowl Events: following the success of the Meteor LBE, Minswap Labs also offers this service for projects to launch new tokens on the DEX through the Minswap Launchbowlarrow-up-right. As part of facilitating this service, a Fee in the LP Tokens generated in the Event is taken for the Minswap DAO Treasury. So far, INDY/ADA and MCOS/ADA LP Tokens were earned by the DAO Treasury as part of a Fee for facilitiating Launchbowl Events for Indigo Protocolarrow-up-right and Mocossiarrow-up-right. These LP Tokens generate both Trading Fees and Farming rewards.

  3. Fee Switch: the Fee Switch was activated following the DAO vote on the activation of the "Fee Switch"arrow-up-right. The mechanism was active for 10 months and accumulated 1.1mn ADA worth of $MIN/$ADA LP Tokens until is was ended to redicrec the Fee Switch towards $MIN Staking.

  4. Batcher Fees: with the start of $MINomics V2arrow-up-right it was decided that 50% of the $ADA in Batcher Fees generated each month will be redirected towards a DAO wallet.

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DAO Treasury POL Addresses

The addresses for the LP Tokens are the following:

  • 1 - MIN/ADA LP Tokens from Meteor LBE: addr1q9wz03xdpasq5t7tv4vvqyw9frhz2x9862ct3xyh697pfwjj2c79gy9l76sdg0xwhd7r0c0kna0tycz4y5s6mlenh8pqyk6dej

  • 2 - INDY/ADA LP Tokens (staked in Yield Farming): addr1q9gxe8vx0kvv5g6gv4n5wmsxexjqsjftc599qqcp2vkmmwh7snv5yhw2qqvdev3c7wn6s3xhrnx25eg6zcqjxj9vrv2s0e38ze

  • 2 - MCOS/ADA LP Tokens (staked in Yield Farming): addr1q9gxe8vx0kvv5g6gv4n5wmsxexjqsjftc599qqcp2vkmmwh7snv5yhw2qqvdev3c7wn6s3xhrnx25eg6zcqjxj9vrv2s0e38ze

  • 3 - MIN/ADA LP Tokens from Fee Switch: addr1qx40kyvkgdxtsdladusny09r0vczmlmrsl52sjel528674jj2c79gy9l76sdg0xwhd7r0c0kna0tycz4y5s6mlenh8pqg82qtn

  • 4 - Batcher Fees addr1qxymvaeg3306xyp6yk3mjdj7usp40x2e5cecsh75xw5tsczj2c79gy9l76sdg0xwhd7r0c0kna0tycz4y5s6mlenh8pqjx0th5

The Value of these LP Tokens obviously varies as do the prices of the Tokens. Please stay updated on the Minswap Twitter pagearrow-up-right.

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