Many high APY projects fundamentally rely on short-term active trading. When trading volume drops → fees decrease → returns decline → users leave → liquidity dries up, and eventually, it enters a death spiral. CANAL operates on a different logic. The source of CANAL's fees isn’t just “someone buying or selling CANAL,” but rather the ongoing price fluctuations and arbitrage opportunities between CANAL and stock assets. Even if no one actively trades CANAL, as long as stocks like NVDA, TSLA, AAPL, META, etc., experience price movements, arbitrageurs will step in to trade in the LP for the price differences. Every arbitrage trade contributes to fees. Fees → Distributed as returns / Buybacks of CANAL Over time, the stock LPs established by CANAL will grow: More stock pools → More volatility → More arbitrage → More fees → More buybacks → Deeper liquidity → Coverage of even more stocks. This creates a positive cycle, not a short-term boom fueled by high APY subsidies. And here’s something you might not have noticed: CANAL has been live for less than 3 days. I just did a quick calculation of the current user dividend returns: Daily yield: 5.27% Simple annualized APR: ~1,922% Of course, this is just an instantaneous figure based on current trading volume and doesn’t represent future returns. What’s truly worth paying attention to isn’t how high today’s APY is, but rather: Can CANAL consistently convert global stock volatility into cash flow for CANAL Holders? That’s the Canal.