Ferra Protocol's latest moves on Sui finally give a sense of growth to the blockchain's liquidity infrastructure. The newly launched token issuance and pooling modules seem to bring a creator-friendly token issuance model, but these surface features are not the highlight. The real significance lies in the underlying liquidity design of DLMM, CLMM, and DAMM—integrating multiple dimensions of market-making mechanisms into a professional and controllable framework. This is what the first truly competitive infrastructure project on Sui should look like.