Well initial investors are also taking more risk so the reward should reflect that.
Otherwise what is the point of taking the risk?
But gamified DEFI like this is heavily tilted because bigger investors can literally steal yield from smaller investors by design. That's a self-cannibalizing system because new investors are financially incentivized to not join.
But most of all I think what irks me is that... how will a project like this build value over time? It's a race against the unsustainable yields, and the unsustainable yields are going to win that race every time. On top of that as soon as the highest ranks get bored and cash out it's pretty much all over; constant sell pressure no matter what.