You lost money in the past, not because you didn’t work hard.
It’s because you always step in only after someone else has finished telling the story.
This time, what you see is different things:
There are reserves.
There is burn.
There is an LP.
There is USD0.
There is a privacy pool.
There is a future interface for the V4 Hook.
You can keep treating it like a normal project.
But if the market ultimately doesn’t see it this way, who will feel bad?