Lately, I've been observing discussions about staking and shared security, and it feels like stacking one color block on top of another. In the end, it looks very saturated, but the underlying paper might have already been wet long ago... Yes, yields can be compounded, but don't casually treat "sense of security" as part of the returns. To put it plainly, risks are also compounded.

Moreover, the community is now arguing fiercely over privacy coins, coin mixing, and compliance boundaries. I’m even less willing to connect a bunch of modules that all seem to be "profitable," because if something goes wrong in the end, you might not even find where the problem originated.

There’s too much information, which makes me pretty anxious. My current filtering method is quite crude: I only look at two layers I understand (where the assets are and who can move them). If I don’t understand something, I just pretend it doesn’t exist. I also keep my positions smaller—better to miss out on some gains than lose sleep at night. Anyway, I’m not here to chase the "highest APR," but to avoid getting liquidated and keep the rhythm steady.