Deliq is a protocol that enables protocol-owned liquidity on Avalanche by using a capital efficient and decentralized Liquidity-by-Staking model. Liquidity Providers (LPs) can provide single-sided liquidity to Deliq liquidity pools (DLPs) and earn yields for doing so. Liquidity in the pools is aggregated before deploying on exchanges. A unique three-layered impermanent loss (IL) mitigation mechanism ensures that LPs get 100% protection from IL for providing liquidity. Liquidity Directors (LDs) can stake $DLQ to direct liquidity from DLPs to various exchanges on Avalanche and own their liquidity while diversifying their treasury and generating a new revenue source for the protocol. Liquidity Providers : LPs deposit their tokens into the token pool of their choice , these tokens in the pool are coupled with assets in Basic pool(Avax/Usdc/Usdt) and then deployed to various exchanges / money markets for earning yields. The Impermanent loss risk is mitigated by using protocol control assets(PCA) and rewards which comprise of fee generated from liquidity provisioning and DAO-DAO swaps. Liquidity Directors : LDs use their market expertise and trading strategies to deploy the assets in the pool to various exchanges. LDs receive votes proportional to the amount of DLQ they stake into a pool for directing liquidity.