protocol war

The protocol war between lending platforms intensified as each launched aggressive liquidity mining programmes.随着各大借贷平台纷纷推出激进的流动性挖矿计划，它们之间的协议竞争愈发白热化。

Protocol wars often result in unsustainable token emissions that inflate TVL temporarily but damage long-term token value.协议竞争往往会导致不可持续的代币增发，这会暂时推高总锁仓量（TVL），但却会损害代币的长期价值。