#流动性激励与收益 Seeing WLFI pass this proposal with a 77.75% approval rate, I have to be honest: adopting treasury funds incentives sounds great, but this is one of the most classic "positive news release" tricks I've seen.

Do you remember how many times I’ve been cut by various incentive mechanisms over the years? Liquidity mining, ecosystem incentives, treasury fund releases... Each time under the banner of "promoting ecosystem development," and what’s the result? A large influx of tokens into the market, and once the incentive period ends, participants are either trapped or become bag holders.

The problem lies here: what is the end goal of these incentives? If the adoption of USD1 still depends on continuous funding subsidies, it indicates that the project itself has not formed a real economic cycle. Once incentives stop, can the adoption volume be maintained? That’s the key.

My straightforward advice — before participating, ask yourself three questions: First, what is the unlock schedule for the tokens released through these incentives? Second, how many real use cases does USD1 have? Third, besides incentives, what other reasons are there for people to hold and use it? If the answers are vague, then be cautious.

To survive long on the chain, it’s not about chasing hot topics, but about distinguishing what is driven by real demand and what is just a capital game. This proposal passed nicely, but the real test is how it performs after the incentive period ends.