A couple of days ago, I came across a liquidity pool for a blockchain game, and it felt like putting bread into an oven and then forgetting to shut off the fire: the longer it baked, the more it produced. The “inflation” kind of smell was surprisingly tempting at first, but later it was nothing but the stench of burning. To put it simply: rewards get paid out quickly, while consumption can’t keep up—so the little bit of real money in the pool is slowly drained by “daily-updated bread crumbs,” and in the end everyone is left racing to see who can run faster.

I already ate the same kind of loss once before: I saw the APR written like a fairy tale, clicked in, and found a whole bunch of rules, exchanges, fuel, synthesis… my brain just completely froze. I thought, “If I can’t make sense of it, I’ll just not move for now.” But the next day, the oracle reported an absurd price, and everyone in the group was spamming “waiting for confirmation,” so I was glad I was slow. And on top of that, cross-chain bridges have been having issues recently—so honestly, I’d rather make a little less now than wake up one day to find the pool turned into thin air.