2026-01-07 11:28:59

What is true liquidity? Most people think liquidity is just high trading volume, but once the market fluctuates, these funds instantly evaporate. That is not genuine liquidity at all.

True liquidity should be designed as follows: prioritize structural mechanisms rather than blindly stacking incentives. Let LPs' returns be directly linked to actual trading activity, rather than hollow promises. At the same time, establish a disciplined collateral management system to ensure that every bit of liquidity has real backing.

Only then can we attract long-term capital—those genuine funds that won't run away at the first wave of volatility. The future of DeFi requires such solid liquidity infrastructure.

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DegenTherapist

· 01-07 11:59

To be honest, this set of theories sounds good, but how many projects on the chain can actually achieve it? Most are just empty words.

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AltcoinHunter

· 01-07 11:58

Basically, most DEXs are just bluffing. They seem to have huge liquidity, but a single dip reveals their true nature. I experienced this on an L2 before, thinking it was stable, but the slippage was so high it was unbearable. This article is spot on, but I want to ask—does such a mechanism really exist? Or is it just slogans over substance? Let's see if any project truly ties LP rewards to trading activity, rather than just issuing tokens to fool people.

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GrayscaleArbitrageur

· 01-07 11:57

That's right, those numbers are all fake now. When there's a shake, they run away immediately, and LPing becomes a game of taking the fall for others.

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mev_me_maybe

· 01-07 11:54

Basically, most projects are just scamming now, and the real liquidity has already been drained.

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MEVHunter

· 01-07 11:52

Well said, but the problem is that MEV bots have been waiting in the mempool to snatch these "true liquidity" moments. No matter how advanced your collateral management system is, it can't escape sandwich attacks.

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