Lately, I've been watching a few blockchain game pools, and the more I look, the more it feels like watching a leaking printing press: the output is too aggressive, inflation is like free money, early participants rely on selling pressure to recover, and later participants can only take over as "liquidity fuel." No matter how much the routing is optimized, it can't save this structure; slippage just teaches you a lesson. You might think it's because of poor trading, but in reality, the coins in the pool are becoming worthless day by day, quietly drained of depth. Now some people are comparing on-chain yields to RWA and US Treasury yields—basically, one is cash flow, the other is subsidy flow. Mixing them together can easily mess with your mindset. Anyway, I don't regret that when I see maximum output and queues for free tokens, I step away first—no point in pushing myself too hard.