Tokemak is a novel protocol designed to generate deep, sustainable liquidity for DeFi and future tokenized applications that will arise throughout the growth and evolution of web3. It can be thought of as a decentralized market making platform and a liquidity router, which disaggregates traditional liquidity provision and market making for DeFi. Sitting "a layer above" decentralized exchanges, Tokemak provides control over where the liquidity flows, and offers an easier and cheaper way to provide and source liquidity.