Lately, people have been talking again about re-staking and shared security. Put simply, it’s “the same pot of capital, doing multiple jobs.” The idea of compounded returns stacked on top of each other sounds pretty enticing, but I can’t shake the feeling that you shouldn’t, while you’re at it, just conveniently stack the illusion too… Security can’t be copied out of thin air. And when things go wrong, the confiscations and penalties won’t stop at just one layer. The thought of those chain-reaction liquidations on-chain is enough to make my head ache.

Over the past couple of days, the unlock and the token unlock calendar have been dug up again and talked about over and over. Everyone’s anxious about sell pressure, and I’ll take a look too, but mostly to remind myself: don’t treat risk as nonexistent just because you’re afraid of missing out on returns. Not long ago, I genuinely had the impulse to “exit,” then turn around and re-stake after selling. I even almost uninstalled the app, but I managed to hold back. In the end, I split my position into smaller parts first, then went back through the rules I can actually understand… If I don’t have to move, I won’t. Moving more slowly at least means I can sleep easier.