Kaito started out as a genuinely innovative product with real potential. At its core, it delivered significant value to the protocol and dapp ecosystem—bringing visibility, user attention, and genuine interest to projects that would've otherwise struggled for mindshare.

Did the system eventually become flawed and exploited? Without question. Over time, gaming and abuse emerged as inevitable problems. But here's the thing: initially, this product genuinely cracked open new opportunities for ecosystem growth. The mechanism worked because it aligned incentives in a way that felt fresh and different from what the market had seen before.

It's a classic story—innovation creates value, then exploitation follows.