I'm not very good at storytelling, but recently I've been seeing promotions about staking/ sharing security, and I really want to pour cold water on it: the compounded returns are great, but the risks are also stacking up. Many people just treat it as "default security" and ignore it. To put it simply, if you use the same collateral to back more systems, any problem in any link will cause a chain reaction of penalties/liquidations, and that "worst-case scenario" in the parameters is the key.

The theft of cross-chain bridges actually reminds us: the more complex the combination, the greater the chance of something going wrong; plus, the collective "waiting for confirmation" consensus after oracle price anomalies also shows that much of on-chain security relies on human intervention rather than inherent code certainty. Anyway, I personally prioritize whether it can be shut down quickly, how to calculate penalty boundaries, and who has permission to make changes during anomalies. Otherwise, even if that APY looks beautiful, it might just be an illusion.