Recently, I tried a new pool in a blockchain game again.

At first, the output given was like free money, everyone rushed in to mine,
but once inflation kicked in, the selling pressure immediately crushed the pool to the ground.
Honestly, the faster you produce, the more players seem like workers,
they collect and then run, with liquidity thinning out, leaving behind only others taking over the positions.

Now I don’t really focus on the story of blockchain games anymore,
I first check contract permissions, see where the money is flowing:
are there backdoors that can change parameters at will,
are there strange addresses constantly receiving funds…
I’ll take it day by day.
In the group these days, they’re talking about stablecoin regulation, reserve audits, de-pegging rumors again,
everyone is shouting “stability” while trembling, I’m the same,
anyway, when I panic, I want to withdraw risk assets first.

What I fear most isn’t losing money,
but discovering I actually don’t understand where this pool’s “output comes from,
and who ultimately pays the bill.”
Let’s leave it at that for now, I’ll see tomorrow if it’s still around.