INSUBCONTINENT EXCLUSIVE:
Opinion by: Sky, founder at LIKWIDIn the last wave of decentralized finance (DeFi) innovation, a generation of engineers funded by venture
Like the Sumerians once pledged livestock for silver, modern DeFi still relies heavily on oracles to feed offchain prices into lending
protocols remains concentrated in BTC, ETH and stablecoins
The risk is unmanageable, and the feedback loops are fragile.Oracles hold DeFi backThis is where unified liquidity presents a zero-to-one
breakthrough: By collapsing swap and lending infrastructure into a single pool, long-tail assets can now receive the same leverage mechanics
The result is a truly permissionless margin and lending market that does not require an oracle to function
They might be non-custodial, but they are not permissionless
tokens were rugged after raising over $27 million in April 2024
The result? Solana became a haven for meme asset experimentation
A small boost in market infrastructure created outsized gains in credibility.The crypto market remains imperfect, lacks efficient clearing
mechanisms and requires robust permissionless shorting capabilities.Protocols can recycle collateral and borrow into live DEX liquidity with
Capital efficiency skyrockets
riskUnified liquidity builds a base of sustainable, fee-generating utility
It restores the role of DeFi as productive financial infrastructure, not just emissions games.The implications are massive
Developers no longer need to list tokens one by one
Users can short any token with day-one liquidity
A robust shorting system made US equities one of the healthiest financial markets in the world
Similarly, permissionless shorting is the only way to build a healthy, permissionless long-tail market.DeFi no longer needs to mimic TradFi
Unified liquidity offers a credible fix
is for general information purposes and is not intended to be and should not be taken as legal or investment advice
