I just came across a post about a chain game collapsing, and it really feels heartbreaking. Before that, a lot of people in the group were hyping that the economic model was so solid. But once inflation kicked in, the token price spiraled downward. When the studio backed out, it basically went ice-cold overnight. As for me, I didn’t dare make any moves. Honestly, I couldn’t make sense of that loop—something just felt off, but I couldn’t quite put my finger on it—so I decided to just stand still.

Recently, liquidity really has been bad. Many pools have depths that are painfully shallow; if you place even a slightly larger order, the price impact slides you into a state where you start doubting yourself. I had a project before—my interaction route was only halfway done. I calculated the gas and slippage and found that the costs were much higher than expected, so I just stopped. My friend said I was being a coward, and I said, fine—let’s just make sure we’re still alive first. Missing out is missing out. Paying tuition is okay; just don’t get yourself trapped in a position.