Lately I've been exploring projects related to re-staking and shared security, with returns stacking upon returns, which looks quite attractive. But I realize that the most common illusion I fall into is thinking: "Shared security = I'm safer," when in fact, risks are also bundled and shared... and we all shake together when problems arise.

I used to always say, "I only look at on-chain data," believing that fund flows are the most honest indicator. But after a few experiences, I saw that while on-chain activity is indeed surging, people's emotions are even faster. When FOMO kicks in, changing routes can send you into crowded trades, with slippage and the inability to withdraw being very real issues.

By the way, before major public chain upgrades or maintenance, everyone in the group is guessing whether the ecosystem will migrate. Honestly, I don’t know if it will or not. Right now, I’m focusing on two things: whether funds are moving ahead of time, and whether the security assumptions have been "layered over" too many times. That’s it for now—slowly push forward, and don’t make mistakes that are too costly.