Lately, I've been looking into re-staking / shared security again. Whenever people discuss it, they tend to easily confuse "compound yields" with "risk dilution." Frankly, the perceived increase in returns might just be an illusion: the underlying trust remains the same, along with the tail risks of mismanagement or penalties, just packaged differently to continue selling certainty. Plus, with the recent daily discussions about staking unlocks and token unlock schedules, the market's anxiety about sell pressure rises. Liquidity tightens first, and so-called "steady" returns start to feel more like emotional subsidies. My own principle is quite simple: if I can't clearly explain who is taking the blame for whom, or who will be the first to fail in the worst case, I avoid it. I still believe that security is a structural issue, not a matter of interest rates.