Liquidity is the lifeblood of DeFi applications.

Value transfer has replaced data transfer, and liquidity is the new bandwidth of Web3 networks.

Whoever controls TOKE controls the flow of value.

Looking back at the evolution of the Curve War, observing the current spillover effects of this model and the surrounding strategies.

Primitive is an extensible and efficient on-chain derivative tool solution without oracles.

Tokemak, as a brand new liquidity management system, is expected to open up a new path in the liquidity mining sector and become a new generation of liquidity management infrastructure.

"Liquidity as a Service" may become the key infrastructure for DeFi protocols transitioning to Web 3.0.

What are the characteristics of DeFi 2.0? What are some representative projects?

LaaS providers and second-layer protocols should not be defined as characteristics of "DeFi 2.0." In this rapidly evolving field, things should not be casually labeled with simplistic tags.

Project parties and investors are increasingly aware of the harm that liquidity mining can cause to the long-term development of projects and are seeking solutions.

Looking for the next generation of DeFi protocols with greater capital efficiency and a more完善 token economic model.

Tokemak is a decentralized market-making protocol, a novel DeFi primitive designed to create a liquidity infrastructure layer for DAOs, new DeFi projects, market makers, exchanges, and advanced users.