The current state of DeFi liquidity is hamstrung by one major issue — the cost of acquiring it. It initially started with liquidity mining, where protocols would incentivize mercenary liquidity by offering out emissions of their governance. This did indeed attract liquidity, some pools even received significantly deep liquidity…for a short time. However this liquidity can decide to pull their LP, withdraw and walk away after dumping all of the governance tokens they earned to try and cover th...