People ask me whether restaking + shared security is “free money stacked with an extra layer of yield.” My first reaction isn’t to calculate APY—I start by figuring out the illusion value. The same piece of collateral is wrapped with layer after layer of commitments. When something goes wrong, it won’t be settled gently, like paying out one soft layer at a time. Once correlations show up, it all goes down together. To put it simply: stacking up yield is easy, and the risk stacks up right along with it—it just isn’t visible in day-to-day life.

This airdrop season feels pretty similar too. The stricter the anti–Sybil tasks on the task platform are, the more the points system feels like clocking in for work. Everyone complicates the path just to “get an extra bite,” and in the end, the Gas and time costs for things like authorization, cross-chain, and re-staking wear them down until they’re gone. My approach is kind of old-school: I only touch the layer whose liquidation logic I can clearly understand. If interactions can be batched, I batch them. And don’t turn myself into a free protocol tester just for a slightly higher annualized yield… for now.