These days, when looking at projects related to collateralized staking/sharing security, the returns keep stacking up, and it's easy for the mind to follow with layered illusions: it seems like the same collateral can serve as insurance, as a printing press, and even come with a "sense of security." To put it plainly, security isn't given for free; the more "shared" it is, the more likely it is to also share other people's pitfalls, and in the end, you never know where the needle might prick.

Recently, I heard that some regions are raising taxes and tightening regulations, then loosening them again; the expectations for inflows and outflows of funds fluctuate, and market sentiment swings like perpetual funding rates. Everyone prefers to chase after things that look stable and yield returns... but in times like these, it's even more important to stay calm. I’d rather earn a little less than to treat myself as liquidity in an emotional market.

One step I personally find quite simple: separate addresses for collateralized positions, turn off permissions if possible, review signatures more carefully (it’s really troublesome), and buy some small-cost tail protection options to avoid a day when shared security turns into shared liquidation, forcing me to stay up all night reviewing. That’s all for now.