Likwid v2.2 combines paired liquidity, single-sided lending, and leveraged margin positions inside a single vault-managed architecture. LikwidVault holds the pool core, while LikwidPairPosition, LikwidLendPosition, and LikwidMarginPosition expose user-facing NFT positions on top of that shared reserve system.

The protocol's distinguishing features are native: swap fees can expand dynamically as reserve movement increases, lending rates react to utilization, liquidation is enforced directly by the margin manager, and insurance-fund accounting is built into pool state. This gives Likwid a concrete on-chain structure for leverage and lending without depending on any third-party extension framework.