Lately I’ve been going through more stuff about re-staking and shared security. The more I look, the more it feels like they’re taking the same “sense of security,” slicing it into many pieces, and selling them… The yield stacking is definitely tempting, but don’t stack the hallucinations on top too. Bottom line: the underlying (core) risks haven’t gone away—they’ve just been wrapped in a different package.

Now it’s also fashionable to benchmark on-chain products against RWA—even the whole “U.S. Treasuries yields” playbook. That makes me even more anxious: what they’re talking about is interest; over here, it’s more like a “premium for not getting into trouble.”

Last night I almost clicked in on a whim, but in the end I set a reminder and a limit. The moment I shut the page, I felt a bit lighter—at least I didn’t have to watch my heartbeat and gas jump together.

For now, that’s it. Don’t treat yourself like an eternal motion machine.