Lifinity Protocol is the first proactive market maker on Solana, aiming to improve capital efficiency and reduce impermanent loss. Its DEX innovations include concentrated liquidity with lazy liquidity provision, reducing impermanent loss through an oracle as the main pricing mechanism, and generating a profit through delayed rebalancing of pools. The protocol continuously acquires liquidity for all token pairs, and LPs' share of fees is adjusted dynamically. Its tokenomics innovations include an improved veToken model with optional decaying, linear unlocking, and native tokenization. Protocols can bribe veToken holders to secure permanent liquidity, and the token launch is via a veIDO.