Last night again I was checking the TVL of those few blockchain game pools—and the more I looked, the more it felt like watching a bathtub that’s leaking. The moment production really kicks in, inflation ramps up like someone opening a floodgate. The data looked pretty good a few days ago, but later it basically relied on only newly coming people to keep swapping tokens in and out, so the pools can’t hold on to liquidity. Plainly put, it’s “returns” eating into the principal. What’s even more annoying is that lately everyone has been staring at the staking unlocks and the token unlock calendar every day. Once sell pressure starts building—at the first hint of any unlock expectations—people run for the exits right away, and the little bit of yield from the game can’t possibly hold up. Even my roommate asked me why I’m watching TVL in the middle of the night instead of sleeping. I told him I don’t know either… Anyway, once I see inflation running faster than new users, I really don’t dare to drag this out—I’ll focus on staying safe first.