Zoom out a bit, and you'll see Altura isn't isolated—it's symptomatic of a larger reckoning sweeping through DeFi. Here's the pattern that keeps repeating: early on, yield came from emissions. Then emissions got rebranded as points, and points became this gamble that token launch day would somehow validate everything underneath. Except there's a problem nobody wanted to admit: the yield infrastructure was never built on anything real. No sustainable revenue model, no genuine utility justifying the returns. Just the hope that new liquidity keeps flowing in to paper over the cracks.