Most DEXes are built to look good at launch.. not to last.. Liquidity in DeFi has always been mercenary. It shows up for emissions, farms the APY, and rotates out the moment a better yield appears somewhere else. Protocols end up subsidizing TVL with token inflation and calling
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Most DEXes are built to look good at launch.. not to last.. Liquidity in DeFi has always been mercenary. It shows up for emissions, farms the APY, and rotates out the moment a better yield appears somewhere else. Protocols end up subsidizing TVL with token inflation and calling