Recently, I've seen everyone talking about re-staking and shared security. Basically, it's about splitting the same "sense of security" and selling it multiple times. The returns look like a stacking game, but the risks also stack up. Many people just don't like to calculate this part. Yesterday, I was staring at the screen for so long my eyes hurt badly. The more my eyes hurt, the more I get itchy to add another layer... which is quite dangerous.

And comparing on-chain yield products with RWA and U.S. Treasury yields, I also look at them, but don’t just focus on the numbers like copying homework: U.S. Treasuries have clear rules, while on-chain setups are mostly "get it running first, then see." When shared security has issues, the correlation will suddenly become very honest.

I still stick to my usual rules: when the target is reached, sell in batches; write the retreat plan first; close Twitter when taking profits, don’t let the next wave of emotions pull people back in.