I was just chatting with a friend about @infinex, and I mentioned that I remembered seeing them promote their TVL, which seemed to be over 500 million dollars. As soon as I said that, we both started to feel that number was unreasonable. As a heavy user of the product, I know its core value is just a place for arbitrageurs to make money, so where does that much capital come from? It's higher than @Backpack and @Lighter_xyz, does that make sense? So I used @Surf_Copilot to search, and sure enough, they included NFT staking in their calculations, with Patron NFTs accounting for 87.6% of the TVL. Worried that AI might be hallucinating, I followed the source in the COT to verify the data on their official website, and indeed, the facts were as such: there aren't many coins, it's all NFTs. From this incident, we can make a few bold guesses: 1. The so-called TGE is likely just NFTs turning into coins, then airdropping some to the original holders and users, and then capturing liquidity on a few exchanges. 2. This way, it instantly becomes a platform with user assets of 500 million dollars, and the valuation looks better. 3. However, after users who receive the airdrop dump their tokens for U on the platform, how much capital will be willing to stay? I guess not much. After all, it's just a money transfer platform. 4. So to prevent the money from running away too quickly, during the TGE, the corresponding shares of NFTs should not be fully unlocked; they should be released gradually. 5. Once NFTs turn into coins, the original method of user tiering will also change to be based on the amount of coins held, with 1 million $PATRON needed to obtain VIP status.