It’s the usual story, wild yields, mooning TVL, nonstop hype — until the emissions stop and it all unravels. What seemed like growth was just a protocol burning its own token for attention, leaving insiders rich and bagholders stuck once the music stops.
Behind flashy treasury dashboards lie recycled tokens, illiquid assets, and deceptive accounting — in Web3, war chests are often just smoke and mirrors crafted to inspire trust, not to fund survival.
What began as opportunistic bots has become a full-blown MEV cartel — private auctions, hidden relays, and validator collusion now rule blockspace, turning decentralization into a pay-to-play game you never signed up for.
DeFi’s chaotic interfaces aren’t a bug — they’re a feature. Confusion keeps users compliant, disoriented, and easier to exploit in a space where clarity threatens profit and understanding kills the hype.