You look at the pool's TVL is quite lively, but actually it's "rewards holding up the scene", once rewards decrease, liquidity withdraws faster than you think.
我以前挺偏执，老说我只看链上，数据一红就觉得稳了…后来发现链上只是结果，不是原因。 My emotions are the same, everyone shouts about unlocking selling pressure, indeed it can cause panic, but more often in blockchain games, "it can collapse even without selling pressure" because the economic model assumes everyone is always willing to take over the output.
情绪也一样，大家都喊解锁抛压，确实会慌，但链游更常见的是“没抛压也会崩”，因为经济模型默认大家永远愿意接盘产出。 Now my approach is simpler: if you can reduce your position, do so; don't hard fight your illusions, just stay alive.
最近又有人拿着解锁日历问我“会不会砸”，说白了我更怕链游池子自己把自己拖死：产出一开，玩家每天领、每天卖，通胀像漏水的桶，新增进来的钱根本补不上。
You look at the pool's TVL is quite lively, but actually it's "rewards holding up the scene", once rewards decrease, liquidity withdraws faster than you think.
我以前挺偏执，老说我只看链上，数据一红就觉得稳了…后来发现链上只是结果，不是原因。
My emotions are the same, everyone shouts about unlocking selling pressure, indeed it can cause panic, but more often in blockchain games, "it can collapse even without selling pressure" because the economic model assumes everyone is always willing to take over the output.
情绪也一样，大家都喊解锁抛压，确实会慌，但链游更常见的是“没抛压也会崩”，因为经济模型默认大家永远愿意接盘产出。
Now my approach is simpler: if you can reduce your position, do so; don't hard fight your illusions, just stay alive.