Recently, I’ve been watching the liquidity pools in blockchain games and noticed a pattern: the start is exciting—everything goes wild—then the output comes pouring out like a flood, and once inflation kicks in, no one can stop it. Put simply, the rewards are distributed too aggressively; before people have even finished running, their earnings get diluted into nothing. Just think about it: if one person mines several hundred tokens a day, and the total pool size is a trillion, wouldn’t the price slide like you’re on a slide? And lately I keep seeing people worried about unlock calendars and the anxiety of staked token unlocks. In fact, the production in blockchain games is another kind of “unlock”—players’ daily gold-farming is a steady stream of sell pressure. Once you pull liquidity out of the pool, the slippage can even make you question your life. The last time I tried a game, my returns over three days dropped from 10% to 0.5%—it felt like you had just learned to swim and then the pool got drained of water… Anyway, that’s enough said; it’s all tears. For now, I’ll leave it at that.

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