These days, I've been looking at the narratives around re-staking/sharing security again. The returns look quite beautiful as they stack layer upon layer, but honestly, many times it's just stacking the same risk: validation, penalties, bridges, contracts, and a small detail in the packing order that causes everything to collapse, taking the whole family down with it. Everyone loves to focus on APY, but I prefer to first check "who gets cut first when things go wrong, how much is cut, and how long it takes to exit," otherwise, stacking yields also stacks illusions along with them.

By the way, this reminded me of the NFT royalty debates—it's pretty similar: creators want stable income, the market wants smoother liquidity, neither side is entirely wrong. The key is whether the rules are written on-chain or rely on "conventional practices." What I don't regret is... every time I see new pools first dissect the trade construction and exit paths, taking it slow is fine, at least it reduces some "slippage tax."