The biggest mistake you can make when it comes to a nascent ecosystem is fading something because it's "too saturated" - for example Felix or HypurrFi.
So you trick yourself into thinking something else, that's #8 or #13 by TVL, will "print more" for you because it's..what, not as saturated?
It's like the people farming Lighter and Ostium thinking that it will be their Hyperliquid moment..instead of focusing on HyperEVM and HyperCore.
Even if it does (highly doubt) - EVERYONE approached it with a mercenary mindset, so naturally they will not hold the coin even when it comes out.
Friend, it's saturated for a reason - here's a thought experiment for you:
Look at Scroll, why aren't you farming that; it's entire TVL is less than half of Felix's, you could have a big impact there with your money, no?
Well of course not - because it's not good r/r, because it's simply not a good ROI.
Being diluted doesn't really matter - what matters is being consistent and fullporting something with size and conviction, EVEN if you are months late to it.
You want to surround yourself with quality projects, that not only are more "safe" for your money, but also have the collective enthusiasm of everyone who are participating in it @campnetworkxyz

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