I set a small rule for myself: when I see a “the yield is very attractive” pool in a blockchain game, don’t get carried away—first ask one question: who is buying these tokens, and what’s the reason they keep buying. To put it simply, once inflation is opened up, everyone is just here to collect a paycheck—get it, then leave. The pool may look lively on the surface, but underneath it’s leaking… In the end, only higher and higher output can keep it afloat for a while; the more you prop it up, the more hollow it becomes. Lately, new L1/L2 projects that push incentives to pull up TVL are pretty much the same. It’s not without reason that long-time users complain about “mine-to-sell.”