POL - Protocol Owned Liquidity

Nemesis owns most of its liquidity thanks to its bond mechanism.
This has several benefits:
  • Nemesis does not have to pay out high farming rewards to incentivize liquidity providers a.k.a renting liquidity.
  • Nemesis guarantees the market that the liquidity is always there to facilitate sell or buy transaction.
  • By being the largest LP (liquidity provider), it earns most of the LP fees which represents another source of income to the treasury.
  • All POL can be used to buy back NMS. The LP tokens are marked down to their risk-free value for this purpose.