Lately I've been looking at that shared security model of re-staking again. The compounded returns look pretty tempting, but I always feel like as I stack more, I start to see "illusions": thinking I'm earning more interest, when in fact it's just breaking down the same risk into multiple layers and re-packaging it. I checked the event logs with a script, and some contracts' slash/penalty paths loop around and around, making my scalp tingle... When something actually happens, you won't even know which layer will blow first.

The modular and DA layer development has definitely excited the developers, but ordinary users are mostly confused: who exactly is the money protecting, and who is taking the fall for whom? Basically, the security responsibility chain has just been extended. Anyway, I’d rather take fewer risks for now, and first review the penalty conditions, exit queues, and permission addresses. Don’t just focus on that APY number. That’s all for now.