Protocol Owned Liquidity on TC has now demonstrated profitability - it is now grinding away and accumulating RUNE. The big change was due to PoL becoming sticky - staying for much longer. PoL deploys across *all* allowed pools simultaneously and thus earns the aggregate Liquidity APY - which is 21% APY. Since it is not coupled to a single asset - it becomes “RUNE vs The World” and diversifies IL risk. Thus it earns in the high yield shallow pools with high IL and low yield deep pools with low IL. Yield will always beat out IL on a long enough timeframe because it is permanent whilst IL is impermanent.

PoL profitability https://t.co/TfbKMa5Xw1