Last night, I was again watching a series of re-staking paths, money looping from A to B and then wrapping into shared security, with yields stacking on the page, looking quite beautiful. Frankly, my first reaction wasn't "profit," but "who's taking the fall." The yields can stack, but what’s added might also be risks and illusions.

Coincidentally, that mainstream public chain is about to upgrade/maintain, and the community is guessing whether the ecosystem will move. I’m not taking sides for now; the changes in on-chain addresses before and after the upgrade are more honest. Whether to migrate depends on the flow of funds.

I also once saw something I didn’t understand and chose not to act: a certain re-staking protocol kept changing its rules. I looked through the contract and authorizations for a long time, and the more I looked, the more it felt like driving in fog… Forget it, I closed the page and went to sleep. The next day, I woke up to a bunch of people complaining about withdrawal queues, and I was glad I was cowardly enough to back out in time.