The genius of @rabbithole_gg is underrated. Protocols wildly overpay for user acquisition through liquidity farming and staking. Farmers are mercenary and jump to the next best opportunity as soon as rewards fall.
The best description of motivated reasoning I’ve ever seen comes from psychologist Tom Gilovich. When we want something to be true, he said, we ask ourselves, “Can I believe this?,” searching for an excuse to accept it. When we don’t want something to be true, we instead ask ourselves, “Must I believe this?,” searching for an excuse to reject it