I used to look at blockchain game pools, and my first focus was on APR, thinking "more output = bigger opportunity." Now I instead look at how inflation is created and who is taking the other side. To put it simply, the output is just borrowing against future buying pressure: releasing tokens daily without real consumption scenarios, making the pool seem lively on the surface, but underneath there's increasing selling pressure.

I'm most afraid of studios that come in and inflate the output into a production line, causing the token price to spiral when it softens: price drops → same returns require selling more → price drops even more. Anyway, I now prefer to take it slow, observing a few days of on-chain new minting/destroying and whether active addresses are "players" or just a bunch of similar scripts... understand the situation first, no need to rush.