Recently, people keep asking me if staking again and sharing security is just "lying down to earn more"... I usually pour a little cold water first: yes, yields can compound, but so can risks. Don’t fall into the illusion of stacking. Basically, if you give the same collateral to multiple systems as "security guarantees," and one of them has an issue, the chain reaction could be faster than you think.

On-chain, I saw a re-staking contract the other day with a withdrawal queue that was very long, starting with a wait of several hours at the end of the line. Next to it, there was also a transaction stuck due to a slashing warning (like 0x8c…a17). At this point, if you try to calculate the "annualized" return, you're actually calculating in an ideal world.

Recently, during that extreme wave of funding rates, there was a debate in the group about whether to reverse or continue squeezing the bubble. My feeling is: the more people are eager to find a definitive answer, the more you should lower your position size and expectations a bit. If you want to play, try with small amounts—don’t interpret “sharing security” as “guaranteed profit.” Just start with that.