Recently, looking at the wave of staking/sharing security, the compounded returns look pretty good, but to be honest, don’t mistake “numerical stacking” for “certainty stacking.” When you stake once, you’re already take on a share of slashing/shutdown/contract issues; stacking another layer on top also increases the risk, and it won’t automatically diversify just because the page says “multi-strategy.”

What’s more annoying is the UX: many protocols hide risk warnings like Easter eggs, and you have to click three layers deep to see “may be penalized or confiscated.” Then the testnet incentives and points make everyone itchy, asking daily whether the mainnet will issue tokens… I also want to know, but don’t treat “possible airdrops” as part of the risk control model, okay? Anyway, right now I just think: the less stacking, the better; if the yield curve looks too smooth, I’ll assume there’s something behind the scenes that’s not clearly written.