How Does POL Affect the Capital Efficiency of the DAO Treasury?

POL can improve capital efficiency by ensuring that the DAO's assets are actively working to support the protocol, rather than being spent on constantly subsidizing rented liquidity. By owning the liquidity, the DAO captures 100% of the trading fees, which can then be reinvested or used for buybacks.

While the initial cost to acquire POL can be high, the long-term reduction in token emissions and the continuous fee capture enhance the overall efficiency of the treasury's capital deployment.