I almost transferred that re-pledge amount to the old address just now... After copying, I realized the note still had the last testnet info, my palm started sweating, and I quickly stopped and restarted. It also served as a reminder to myself: the most common mistake with yield stacking is that it can also stack your brain; the more you see "shared security" and "an extra layer of yield," the more you think it's stable, but the real risk is that you can't clearly say how many layers of security you've outsourced or which link might fail, and whether you can withdraw immediately if something goes wrong.

Recently, someone used ETF capital flow and US stock risk appetite to explain crypto price movements, making it sound like a straight line... Anyway, now I see high narrative + high annualized returns, I pause first. In the morning, I only look at two things on-chain: whether funds are secretly moving out, and whether the project team is still working seriously. Don't mistake "earning a bit more" for "being safer"; these two are really not the same.