Top 5 Protocol-Owned Liquidity Tokens to Watch in September 2022

Olympus DAO has been a leading innovator in protocol-owned liquidity, which aims to enable a protocol’s ability to control its liquidity. Protocol-owned Liquidity Tokens have a total market capitalization of $153,724,814 and a total trading volume of $18,234,697. 

Note: Their price unit sorts this List from lowest to highest.

Nemesis DAO (NMS)

  • Unit Price: $7.78
  • Market Cap: $149,002.84
  • Distinct Features: On Binance Smart Chain (BSC), Nemesis DAO wants to establish itself as a substantial reserve currency that is genuinely owned and managed by a decentralized system that benefits the majority.

Built on Binance Smart Chain, Nemesis DAO is a decentralized finance reserve currency protocol (BSC). The NMS token, backed by various assets, including BUSD and Liquidity Pair Tokens, powers the protocol. Through bonding and staking, Nemesis DAO brings distinctive dynamics to the Decentralized Finance (DeFi) market.

Nemesis DAO’s protocol-managed treasury and protocol-owned liquidity with Staking and Bonding options make up the bulk of the organization. NMS can only be minted or burnt by the protocol because it manages the funds in its treasury. Additionally, this ensures that the protocol will always be able to back 1 NMS with 1 BUSD. More runway is assured for the stakers as the protocol accumulates more PCV. 

Because more money is accessible in the treasury, the stakers can be sure that the current staking APY can be maintained for a more extended period.

Exchange – NMS is trading live on BKEX, PancakeSwap (V2), and Bilaxy, with a 24-hour trading volume of $ 819,114. 


Hector Network (HEC)

  • Unit Price: $9.72
  • Market Cap: $23.17M
  • Distinct Features: A deflationary utility project that supports a bitcoin financial hub is building a wide range of use cases to provide customers with genuine value.

Hector Network is a sizable decentralized network supported by the TOR stablecoin and run by the utility token HEC. The business is dedicated to creating the web3 of the future by leading the way in decentralized services like Tokenomics and Defi Gaming. Hector Network thinks the key to widespread acceptance of this technology is cross-chain expansion, lowering the entry barrier, and offering reliable information sources.

The bond between HEC and TOR is unusual. A portion of the coins used to mint TOR was initially used to purchase HEC on the open market, which was later burned, causing HEC to become a deflationary token.

While many similarly structured DAOs collapsed under the weight of an inflated circulating supply and unfavorable market conditions, the Hector Network team was able to pivot and continue to expand by purposefully reducing the circulating supply of the HEC token through the minting of TOR and other methods of burning.

Exchange – HEC is trading live on MEXC, Bitrue, DigiFinex, BitMart, and PancakeSwap (V2) with a 24-hour trading volume of $582,023.


Olympus v2 (OHM)

  • Unit Price: $9.77
  • Market Cap: $16.24M
  • Distinct Features: Olympus holds a treasury that buys back and burns OHM when it trades below its price floor of 1 DAI and mints and sells fresh OHM when it trades above it.

The Olympus algorithmic currency protocol aims to establish itself as a reliable crypto-native unit of account.

Olympus employs reserve assets like DAI to control its price, which makes it more like a central bank, even if occasionally referred to as an algorithmic stablecoin. The objective is to maintain a freely floating market-driven price while achieving price stability.

OHM is backed but not set to a specific price, which is the main distinction between it and stablecoins like USDC.

OHM’s price floor is 1 DAI, but in practice, a premium and the treasury value are added to the cost. OHM is different from other algorithmic stablecoins like Ampleforth (AMPL) in that it is issued to be used for treasury management and to purchase DAI and other assets.

Exchange – OHM is trading on XT.COM, Uniswap (V3), SushiSwap, and Korbit with a 24-hour trading volume of $551,638.

Wonderland (TIME)

  • Unit Price: $17.11
  • Market Cap: $955,328.57
  • Distinct Features: Wonderland stands out as one of the first and, hence, one of the most successful forks of the original protocol, although Olympus prompted a profusion of forks that sought to capitalize on its technique to obtain protocol-controlled liquidity.

One of the most well-liked and profitable Olympus DAO forks is Wonderland. First available on Avalanche, it was a decentralized reserve money protocol. Different reserve assets, such as Magic Internet Money and liquidity tokens, support each unit of TIME. TIME is guaranteed to have an intrinsic value that cannot fall below, thanks to this method, which was adapted from Olympus (OHM).

According to the website, The Current DAO Treasury is at $136,023,454. To maximize capital growth, the treasury invests money in projects initially and employs cutting-edge treasury management techniques. 

Wonderland is a group of like-minded people who manage a diverse treasury using a governance structure.

Exchange – TIME is trading on Gate.io and TraderJoe with a 24-hour trading volume of $58,643.12.

Alchemix (ALCX)

  • Unit Price: $20.44
  • Market Cap: $31,549,242
  • Distinct Features: Alchemix is Self-Paying, Interest-Free, Non-Liquidating Loan.

Alchemix Finance is a future-yielding synthetic asset protocol and community DAO. The system provides you with improvements on various yield farming tactics via a synthetic coin.

In the Alchemix protocol, the token represents a fungible claim on any underlying collateral, where the collateral’s depositor must lodge the claim.

The DAO will support projects that benefit the Alchemix ecosystem and the larger Ethereum community. Alchemix incentivizes liquidity pools for synthetic assets, allowing users to instantaneously swap their synthetic assets for the actual asset upon receipt.

Exchange – ALCX is trading live on Binance, OKX, BingX, FTX, and AAX with a 24-hour trading volume of $2,802,82.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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