Someone asked me whether it’s more worthwhile to buy options or sell options… I’ll put it plainly: time value is deducted every day—you just decide whose account it comes from depending on which side you’re on. The buyer pays the ticket for “waiting for the market to give me a big move”; if the market doesn’t move, you keep getting ground down. What the seller takes is that grind, but you have to bear the risk of that one extreme spike going off. Recently, some new L1/L2 teams are rolling out incentives to pull TVL, and old users are complaining about digging, withdrawing, and selling. I look at it the same way: if the hype doesn’t show up, time and incentives get consumed first. In any case, I care more about real income and active addresses—anything with no volatility and no cash flow will make me uneasy even if options are cheap.