# DAO Treasury POL

Since the days of the [Meteor LBE](https://minswap-labs.medium.com/meteor-lbe-mainnet-launch-yield-farming-more-f73c6c2a8b37), Minswap Labs has focused on the importance of the DeFi concept of ["Protocol-Owned Liquidity" (POL)](https://thedefiant.io/what-is-defi-20/). 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 LBE](https://minswap-labs.medium.com/meteor-lbe-mainnet-launch-yield-farming-more-f73c6c2a8b37). 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 Launchbowl](https://minswap-labs.medium.com/introducing-the-minswap-launch-bowl-a5db8266345c). 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 Protocol](https://twitter.com/Indigo_protocol) and [Mocossi](https://twitter.com/officialmocossi). 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"](https://app.minswap.org/gov/4c00218a32ede4de1991f869aeb878cb51829c2c87732aff797ec962422370f2). 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 [$MIN Staking](https://docs.minswap.org/min-token/usdmin-tokenomics/fee-switch).
4. **Batcher Fees:** with the start of [$MINomics V2](https://minswap-labs.medium.com/minomics-v2-51a96c0449a0) it was decided that 50% of the $ADA in Batcher Fees generated each month will be redirected towards a DAO wallet.

### 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 page](https://twitter.com/MinswapDEX).