(推文)流动性证明实现协议级持有的流动性 (PoL Enables Protocol-Owned Liquidity)

原文地址 Original tweet: https://x.com/berachain/status/1807814131103228336

1/ PoL enables protocol-owned liquidity. Instead of paying LPs to rent liquidity for your token, protocols can tap into the chain’s native emissions as a source of yield to bootstrap token liquidity. 1.liquidity? 2.benefits of owning liq 3.actionable steps to bootstrap liquidity

1/ 流动性证明(PoL)实现协议级持有的流动性(Protocol-Owned Liquidity)。协议可以利用链的原生排放/产出作为引导代币流动性的收益来源，而不是以自身代币来向流动性提供者支付租用流动性的费用。 1.流动性？ 2.拥有流动性的好处 3.引导流动性的可行步骤

2/ Liquidity refers to the amount of tokens available to trade for a pair. If there's no liquidity for your token so it can be swapped, it is essentially worthless because holders can't buy or sell. To provide liquidity, tokens on both sides of the pool must be locked in a smart contract.

2/ 流动性是指可用于交易货币对的代币数量。如果您的代币没有流动性，无法进行交换，那么它本质上就毫无价值，因为持有者无法买卖。为了提供流动性，池双方的代币必须锁定在智能合约中。

3/ Typically, protocols participate in liquidity mining programs that pay LPs to provide liquidity with their token. The downside is there's ongoing rent for this liquidity, and you increase the emission of the native token, resulting in inflation of the circulating supply.

3/ 通常，协议参与流动性挖矿计划，向流动性提供者支付费用，以通过其代币提供流动性。缺点是这种流动性会持续产生租金，并且您会增加原生代币的发行量，从而导致流通供应量膨胀。

4/ A protocol's treasury may be used to LP in its pool, earning more BGT, and this could be converted to BERA to stand up a validator, swapped back for the native token for validator incentives, or used for providing liquidity into a gauge.

4/ (Bera)协议的国库(资金)可用于其池中的流动性提供者，使其赚取更多 BGT，这可以转换为 BERA 以支持验证者，换回原生代币来激励验证者，或用于为合约提供流动性。

5/ Builders can use PoL to bootstrap their liquidity: 3) Redeem BGT into BERA and repeat step 1 and 2 to compound BGT earnings 2) Keep a percentage of token supply to incentivize a validator to direct emissions to their pool 3)Redeem BGT into BERA and repeat step 1 and 2 to compound BGT earnings

5/ 构建者可以使用 PoL 来引导其流动性： 3) 将 BGT 兑换成 BERA 并重复步骤 1 和 2 来复利 BGT 收入 2) 保留一定比例的代币供应，进而激励验证者将排放/产出量引导至其资金池 3) 将 BGT 兑换成BERA 并重复步骤 1 和 2 以复利 BGT 收益

6/ Proof of Liquidity takes liquidity metagames that would otherwise happen in private markets, external to the chain, and implements it at the protocol-level, creating a more efficient market. Check out these posts by

@eatsleepyeeton Protocol Owned Liquidity https://x.com/eatsleepyeet/status/1807765854131560864… https://mirror.xyz/yeetit.eth/Q1LL6MhkY9HFKnOOHoBhfgXPjGv2OFy-GwXdkPfFP1E

6/ 流动性证明采用了原本在链外私人市场中发生的流动性元游戏，并在协议级别实现，从而创建一个更有效的市场。

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Last updated 2 months ago