Lately, I've been analyzing the data of chain gaming pools, and the more I look, the more it seems like watching a leaking bucket: production is too aggressive, inflation dilutes both the token price and the pool, initially the APY looks attractive, but later it's all about new users taking over to refill... To put it plainly, it's not "rewards," but more like pre-advancing future liquidity.

I used to pay close attention to a project, watching the token issuance rate and the pool TVL curve every day, but later I found that emission isn't charged and consumption scenarios can't sustain it, so I quietly unfollowed to avoid my mindset being dragged along.
Recently, everyone has been comparing RWA and US Treasury yields to on-chain yield products, and my feeling is: stable cash flow sources and "minting more tokens" are really not the same thing, don’t mix them up.
Anyway, I now prefer to earn a little less than to be tricked into a pit by that sweet initial rush.