Ermias Bunaro

Co-Founder | CTO | Bringing Identity to Web3 the ethical way | Cardano | SSI | Midnight | EVM

[F₳irway Global @fairway_global]

DeFi's Next Act VI: The Liquidity Illusion

Every few months, Cardano returns to the same question:
"How do we get more liquidity?"

Maybe we're focusing on the symptom, not the cause?

I personally don't think Cardano's biggest problem is liquidity.

I think it's a lack of economic activity worth funding.

The better question might be:

What economic activity should Cardano make possible?

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[Henrik Metsämäki @Henrik_Met]

To those doing decisions and having influence: my suggestion is we go back to our roots and start BANKING THE UNBANKED!

And BTW, this converges wonderfully with many strong trends we have around BTC DeFi @SundialProtocol @pogun_io @CharmsDev @FluidTokens, the DeFi kernel by @__fallen_icarus, our growing stablecoin initiatives @USDMOfficial and even more so with the privacy story about @MidnightNtwrk and @VeridianID

Like, DAMN let's get this thing done!

[F₳irway Global @fairway_global]

We’re working with @txpipe_tools to bring Fairway into the https://t.co/tvOpK4JL55 stack.

Identity and proof infrastructure becomes something operators can run themselves — alongside their Cardano nodes.

Important shift for institutional-grade DeFi. 🧵

https://t.co/uICruFQJk6

[F₳irway Global @fairway_global]

DeFi’s Next Act III: Why Identity Is the Missing Layer of DeFi

Why doesn’t DeFi have real credit markets yet?

If you look at traditional finance, lending is the core of the system. Mortgages, business loans, consumer credit: that’s where the real economy lives.

But when you look at DeFi today, it still feels very different from that world.

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[F₳irway Global @fairway_global]

DeFi’s Next Act 2 : From Fragmented Pools to a Shared Order Book

Last time we asked:
Does DeFi actually have product–market fit?

Today let’s ask a harder one:
Why hasn’t Cardano DeFi broken out — and what would it take to win?

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[F₳irway Global @fairway_global]

We had a great conversation with Rusty (@__fallen_icarus) about a hard question:

Does current DeFi actually have product-market fit?

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[🪏Blockjock-James Dont Hate Just Create @blockjock2017]

Fairway and Sundial will be on the “Big Show” and are bringing their Catalyst proposal on institutional identity and Bitcoin DeFi to Cardano over Coffee, the longest-running show in the Cardano ecosystem.

Two sessions. One shared thesis.

🔹 Identity, compliance, and coordination as infrastructure
🔹 Bitcoin liquidity that can actually move into Cardano
🔹 Open discussion, not closed-door design

📅 Jan 15
Fairway & Henrik Metsämäki w/special guest Sheldon Hunt

📅 Jan 23
Sundial & Sheldon Hunt w/special guest Henrik Metsamaki

This is how familiarity is built.
This is how coordination forms.

Bring you fav cup o joe, tea or Yerba Mate;-) and lets break down how important this really is to our eco

@fairway_global @Henrik_Met
@SundialProtocol @_MrHunt_
@YoramBenzvi
@USDMOfficial
@Catalyst_onX

[F₳irway Global @fairway_global]

How do we make Cardano and Bitcoin DeFi usable for institutions while keeping it compliant?

In one unified @SundialProtocol UX: we have Bitcoin DeFi and Fairway's ZK based identity tied all together for a seamless experience to make Cardano ready for institutional onboarding.

Our delivery uses @MidnightNtwrk and existing stack from @txpipe_tools

Read more below👇🏼

Link in comments.

[Henrik Metsämäki @Henrik_Met]

It's been a crazy year, and amazing! Thank you everyone, and happy new year!
@HeikkiRuhanen @ermiarch @0xkaleab @abrish_bu Anthony Day @AguilarJanis @_MrHunt_ @blockjock2017
@CV_Labs @outlierventures @MidnightNtwrk @Cardano_CF @IOHK_Charles and many others!

Blog below:

[Ermias Bunaro @ermiarch]

@fairway_global team Hacking away at ETHGlobal this weekend! 🚀
Excited to build, learn, and connect with amazing builders from around the world.

@ETHGlobal #Hackathon #web3 #BUILD #MultiChain #ChainAgnostic @ETHGlobal

[FluidTokens @FluidTokens]

“We want to make sure that the flow of the user experience(UX), particularly for institutions, is flawless.”

Something novel, since Cardano doesn’t have many standards for UX.

This is how we onboard the next wave of liquidity, every vote counts!

[Ermias Bunaro @ermiarch]

🔥 Vote for Cardano Institutional UX Stack: Compliance & BTC-Ready DeFi on Catalyst!

💡 Imagine a world where institutions can access DeFi on Cardano with full compliance, top-tier UX, and Bitcoin liquidity built in.

[Ermias Bunaro @ermiarch]

@SundialProtocol @fairway_global Yes, we are excited to make Unified UX reality

[Henrik Metsämäki @Henrik_Met]

Even my dad votes on Bifrost and Sundial. What are you even doing?

[F₳irway Global @fairway_global]

How do we make Cardano DeFi usable for institutions with a Bitcoin wallet, while keeping it compliant?

In one unified @SundialProtocol UX: we have Babel Fees and Lending by @FluidTokens, Managed Strategies by @SundaeSwap, and could in the future host any Cardano based DeFi, all backed by Fairway’s @MidnightNtwrk-powered ZK-identity stack.

It’s open to all Cardano builders and leverages the newest tooling like Balius and TX3 by @txpipe_tools

[Henrik Metsämäki @Henrik_Met]

This is a project we’ve been working toward for a long time. So proud to work and collaborate with absolute giants and geniuses like @_MrHunt_, @0xMetamatt, @elraulito, @Quantumplation and hopefully even the wonderful @txpipe_tools team.

[Henrik Metsämäki @Henrik_Met]

@SundialProtocol @fairway_global Pleasure to Collaborate @_MrHunt_ @YoramBenzvi @ermiarch

[Ermias Bunaro @ermiarch]

@Henrik_Met @SundialProtocol @fairway_global @_MrHunt_ @YoramBenzvi It was great to meet you all at CV Summit

[FluidTokens @FluidTokens]

Adoption through constant development.

@SundialProtocol , @fairway_global , and @SundaeSwap are building together with us, the compliance and UX stack for BTC-backed lending and trading.

This Catalyst proposal creates a shared framework for onboarding and regulated-ready DeFi on Cardano.

[Ermias Bunaro @ermiarch]

@fairway_global Compliance is crucial for institutions, and this project is key in enabling it