Lately I've been looking into re-staking/shared security again, it seems pretty calm on the surface, with yields stacking layer by layer, and the numbers do look good. But honestly, security isn't a free lunch, and risks can also be "packaged" and transferred. When on-chain leverage increases, things can get quite lively beneath the calm surface. Some say it's about utilizing idle security, but I prefer to see it as hiding the correlations.

Not to mention the current wave of social mining, fan tokens, where it's often "attention equals mining." It sounds like there's an extra engine, but it might just be an additional source of noise. Attention is too fleeting—everyone's involved when prices rise, but when they fall, it's over in an instant, leaving only the protocol to bear the volatility... Anyway, whenever I see the words "yield stacking," I instinctively pause for a couple of seconds—don't let the illusion stack up too. I'm a bit annoyed today, but that's how it is for now.