What is liquidity mining and why is Andre Cronje not a fan of it?

I listened to a [2020 Bankless podcast]( featuring Cronje and one thing that went over my head was liquidity mining and why he doesn’t like it.

My understanding is that LM is is you provide liquidity to a liquidity pool on a dex or yield optimizer or anything that locks up your funds and in addition to the interest earned from yield/fees, you get more tokens?

If that statement is correct, why does Cronje not like that model? I think in the podcast he says cuz the LM tokens eventually run out, but that’s not always true depending on token minting/distribution contract.

Can someone explain it better here?

What do you think?

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Does this describe mining well? Is this accurate? What more should I mention?

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