Opinion of: Sky, founder of Likwid
In the latest wave of decentralized financial innovation (DEFI), a generation of engineers funded by venture capital worked tirelessly to design “without authorization” loan protocols.
Many projects have made significant progress, but their basic structure was centuries – the guaranteed loan model. Like the Sumerians, once promised to live the money, the Modern DEFI is always based strongly on oracles to feed the prices out of chain in loan systems – a single failure disguised in neutrality.
Despite allegations without permission, most of the total locked values (TVL) on these protocols remain concentrated in BTC, ETH and Stablecoins. For what? Because price oracles simply do not extend to the long -tailed tokens. The risk is unmanageable and the feedback loops are fragile.
The oracles retain deffi
It is there that the unified liquidity has a zero breakthrough to one: collapse one exchange and a loan infrastructure in a single swimming pool, long-tailed assets can now receive the same lever mechanisms as blue-premier. The result is a margin and loan market really without permission that does not require an oracle to function. This is the next Defi border.
Today, today’s leveraged trading platforms are based on listing approvals, organized markets and centralized flows. They can be non -guardians, but they are not without permission. Long -tail tokens cannot be listed. Shorts cannot be placed. The incapacity of the market to be erased triggers the law of Gresham – where the scam tokens are removing healthy projects – a phenomenon embodied by incidents like the Token Libra of the Argentine president, which caused chaos earlier this year.
Without a short circuit without authorization, the crypto remains a fertile soil for manipulation. We look at the token pump and collapse, unable to balance the feeling with the truth of the market.
The short circuit is the missing tool of defi
Twelve tokens of memes of Prévente Solana were damaged after collecting more than $ 27 million in April 2024. But then came Pump.fun – a primitive but powerful market where transparency and friction deployment eliminated carpets and memes of presale killed.
The result? Solana has become a paradise for the experimentation of the same assets. A small increase in market infrastructure has created excessive credibility gains.
The cryptography market remains imperfect, lack of effective cleaning mechanisms and requires short-circuit capacities without solid authorization.
Protocols can recycle the guarantees and borrow in the liquidity of alive with unified liquidity. The debt obtains fees. The effectiveness of capital rises. Most importantly, anyone can rely on the same liquidity layer – stable, perpes, ready – all in the same swimming pool. It is not only modularity; It is composibility with atomic alignment.
In relation: The problem of the deep liquidity of Tradfi is the silent structural risk of crypto
Unified liquidity builds a basis of sustainable utility and costs. It restores the role of DEFI as productive financial infrastructure, not just emission games.
The implications are massive. The developers no longer need to list the tokens one by one. Users can short-circuit any token with one day liquidity. What about regulators? It was not the dry that punished Luckin Coffee – These are mud research. A robust short-circuit system has made us actions from us one of the healthiest financial markets in the world. Likewise, the short circuit without authorization is the only way to build a healthy health market and without authorization.
Defi no longer needs to imitate Tradfi with copy tools. Unified liquidity gives Web3 its own financial language – which is open, expressive and finally evolving.
The absence of a short circuit without authorization is a structural defect, and this is one of the reasons why the crypto remains a reproductive terrain for the fraud token. Unified liquidity offers a credible solution. It is not another emission scheme or an incentive game. It is a real infrastructure, designed to scale the markets and clean them. It’s not just a new growth strategy for DEFI; It is a long late remedy for its stagnation.
Opinion of: Sky, founder of Likwid.
This article is for general information purposes and is not intended to be and must not be considered as legal or investment advice. The points of view, the thoughts and opinions expressed here are the only of the author and do not reflect or do not necessarily represent the opinions and opinions of Cointellegraph.
