Previously, watching the liquidity pools in blockchain games get lively, I thought "more people = stability," but now I focus on two things: where the output actually comes from, and who is absorbing the inflation. To put it simply, many pools attract people first with rewards, but the output doesn't keep up; the more tokens there are, the more they multiply, and in the end, it can only be paid for by new players. Once new additions slow down, the pool starts to leak, and the more people exit, the less willing the remaining ones are to stay.

These days, hardware wallets are out of stock everywhere, and phishing links are everywhere. I actually find it quite fitting: everyone is finally starting to separate "safety of what you hold" from "high returns on paper." Anyway, whenever I see explanations that can't clarify the output and only emphasize the multiplier, no matter how hot it is, I put it aside first—taking it slow isn't a big deal.