THORChain: - By 01 Sep 2026

THORChain's System Income protocol-owned liquidity feature is live. Around 20% of system income, mostly swap fees, is now deposited every block directly into eligible pools instead of being paid out to liquidity providers, turning a portion of protocol revenue into balance sheet-owned liquidity.The deposits are held permanently as half RUNE, creating a recurring buy-pressure flow tied directly to swap activity. As trading volume rises, the amount routed into protocol-owned pools rises with it, giving RUNE a value-accrual mechanism that compounds with usage rather than depending on emissions or one-time programs.The mechanism changes how LP returns are structured, since a share of fees that previously went to providers now accrues to the protocol itself. Current deployment is still small, so the effect on pool depth and token flows scales gradually with adoption.THORChain's New POL ⚡~20% of TC revenue went to LPs. Now it goes into the pools directly, owned by the protocol.Renting liquidity is a recurring cost. Owning it is a permanent asset.Full breakdown by 👇