Top 25 Protocol-Owned Liquidity Cryptocurrencies for April 2024

Protocol-Owned Liquidity (POL) is a concept in decentralized finance (DeFi) where a cryptocurrency protocol itself holds and manages a portion of the liquidity usually provided by users in its liquidity pools, rather than relying solely on external liquidity providers. This model allows the protocol to have permanent access to liquidity, reducing reliance on third parties and potentially improving long-term sustainability. It can also provide the protocol with an ongoing source of revenue from trading fees that would otherwise go to external liquidity providers. One example of POL is OlympusDAO's "Olympus Pro" program, which introduced the idea of "bonds" where users sell their LP tokens to the protocol in exchange for discounted project tokens, effectively turning what would be temporary liquidity into permanent protocol-owned assets. Another example is Uniswap, a popular decentralized exchange that has considered leveraging its treasury funds to create POL as part of its v3 upgrade, thereby enhancing its control over platform liquidity and stability.