Checked out @ferra_protocol — it's the native dynamic liquidity layer of the Sui ecosystem, set to launch its mainnet in October 2025. Current TVL is $10.86M, with cumulative trading volume at $770M. The project has completed a $2M pre-seed funding round (led by Comma3 Ventures) and features an innovative LP Guild social liquidity mechanism and the Point v2 rewards system. It's currently in the Pre-TGE stage and hasn't issued tokens yet, with strong community expectations for an airdrop. As a rising player in the Sui DEX space, Ferra differentiates itself through socialized DLMM and high APR pools (up to 256%), accounting for about 9% of Sui DEX's 24-hour trading volume.