Recently, I've been looking at projects related to re-staking/sharing security, and the more I look, the more I feel: the returns can be compounded, but the risks are quietly stacking up too, just not highlighted in red on the interface. Basically, if you use the same collateral as security across multiple chains, at which point something goes wrong (smart contract, penalty rules, operational mistakes), it might not just be a small loss, but a direct hit.



And now, Layer 2s are arguing over TPS, fees, and subsidies. While it's lively, the more subsidies there are, the easier it becomes for everyone to assume "security = default assumption"... My current approach is very simple: only consider the returns I can clearly explain, and treat the unexplained part as zero; then see if I can sleep soundly in the worst-case scenario. At night, I pet my cat—at least the cat won't stake me.
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