The whole chasing-TVL-through-inflated-emissions game is reaching its end. All it does is create a casino where everyone's racing for the exit—whoever gets out last holds the bag.

The real talk? The model that actually stands out is when protocols eliminate that inflationary exit trap entirely. No forced selling pressure. Your yield comes from what the protocol actually generates—real business metrics, real returns.

That's the alignment that matters. When incentives are structured so that token holders and protocol users are locked into the same outcome, you've solved something. No more pump-and-dump tokenomics, no more fake TVL wars. Just honest yield backing honest work.