That hellish weather in Beijing today is driving me crazy—it’s so stifling that my coffee goes cold after just two minutes… It’s the same with staking in these chain game pools: once the heat fades, it cools off completely. Plainly put, it’s inflation plus output emissions that end up “killing the whole thing” themselves. Every day they hand out a bunch of “rewards,” and the APY looks really tasty, but the real demand is only that small amount. The sell pressure clogs up the exit like the morning rush hour, and the assets in the pool get drained faster than I even lose patience. Even more ridiculous, many projects try to “add a bit more output” to rescue it—the result is only that they push the collapse timeline back by two more days. And when you check the on-chain records, it’s all the same batch of addresses harvesting, flipping, and dumping. Haven’t people also been talking lately about rate-cut expectations, the U.S. Dollar Index, and risk assets bouncing around together? Once macro sentiment shifts, these subsidy-sustained pools get abandoned first… Anyway, whenever I see “high yields” now, I just want to look at the release curve and the selling path first—otherwise it’s just me providing liquidity for someone else.