Recently, I've come across a bunch of new blockchain game pools again, and the narratives are quite lively, but when I look at the output curve, I get a headache: daily fixed token emissions, with demand relying entirely on "newcomers coming in to take over," basically inflation chasing the price. At the beginning, the APR looks attractive, but once the output disperses the liquidity, everyone is left with one action: claim and sell, selling more and more thinly, eventually not even wanting to provide market depth anymore.

These days, unlocks and staking unlocks are repeatedly mentioned, and the selling pressure anxiety keeps circulating in the group. I actually want to see how permissions and vaults are set up: who can change emissions, who can adjust tax rates, who can perform emergency shutdowns. Last night, I really had a moment where I wanted to uninstall those game apps directly, to avoid the temptation of clicking in again and thinking "just one more day," but I figured I should just step back and observe for now, waiting for them to prove they're not just relying on inflation to keep going.