These past two days, the pools in chain games have started to feel “lively” again. Put simply, it’s inflation plus output that ends up playing itself to death: too much is issued, too few people are left to take it. The numbers look big in the pool, but the moment you actually try to withdraw, it starts to slide. The more it slides, the more everyone panics—until, in the end, everyone runs.

A lot of people stare at the daily output and forget where that output comes from. It’s not real money coming in from outside; then it’s just internal shuffling… Anyway, right now I only watch two things: whether the money coming in is enough to cover the amount being issued, and whether the exit/withdrawal routes are smooth. No matter how good the market looks, I’ll set a line first—if it breaks, I leave, keeping a chance for me to come back next time.

By the way, let me complain a bit: developers these days seem really excited about modularization and the DA layer. As a user, I just want to know one thing—can you make it easier for me to exit, with less dilution for me? That’s it for now.