Recently, I looked at another blockchain game pool, and I feel the same old problem: the output starts like a floodgate opening, inflation treats the coin like paper and scatters it around, players have fun for a few days, then everyone just runs faster from each other. To put it simply, the pool isn't "not hot," it's that the reward structure forces you not to sell today or you'll be diluted tomorrow, and in the end, what's left isn't consensus, but a bunch of people waiting to break even.

Some compare RWA, especially US bonds, with on-chain yield products. I can also understand why everyone suddenly became picky: at least the cash flow next door looks like real cash flow, while here, many are just "issuing tokens = profit," and if they stop issuing, it collapses; if they keep issuing, it collapses even more... It's pretty awkward.

Now, I take an extra step with these kinds of projects: I’d rather go through the trouble of reviewing contract permissions, multi-signature wallets, and unlock schedules. If I don’t understand something, I just pretend I don’t see it and don’t get involved. After being a transparent DAO member, I trust the least that "it will be changed later."