I just came across a chain game pool. The returns look pretty high at first—but the more I look, the more something feels off. The inflation rate is actually faster than the output. In plain terms, it’s basically using new users’ money to cover older users’ holes, and sooner or later it’s going to collapse. I’ve been caught by schemes like this before. Now, whenever I see these “ultra-high yields,” my instinct is to run.

Recently, new L1/L2 projects have been rolling out incentives to boost TVL, and veteran players are all complaining about “mine-to-sell.” But the logic is pretty much the same: if the emissions don’t match real demand, it won’t be long before it turns into nothing but empty air. Anyway, I now prefer staking that’s a bit more stable—lower returns, but at least I can sleep soundly. I’m done trying to play these complicated, nesting “Russian doll” setups.