A few days ago, someone else talked to me about re-staking/sharing security. Basically, it's "using the same collateral for multiple jobs." The returns look pretty attractive, but my first reaction isn't APY, it's: who gets hurt first when something goes wrong, and how do I exit? The stacking of returns can easily lead to the illusion that you're earning interest, but in reality, you're taking on the risk of a chain of guarantees.

I've fallen for the mistake of "not understanding but still going all in" once before: a certain protocol split the returns into fancy parts. The more I looked at the dashboard numbers, the more excited I got, but when I reached the redemption window and got stuck, with on-chain queues and parameter changes, it completely shattered my mindset. After that, I set a strict rule for myself: if I don't understand it, I don't move; if I miss out, I miss out. Anyway, the market isn't short of opportunities.

Recently, the economic collapse of chain games feels quite similar. When inflation kicks off and studios fold, the coin prices spiral down, and all the "returns" instantly become a joke. The same goes for re-staking—don't just look at "earning a bit more," first think clearly about "how much more I could lose" and "whether I can run." The exit button should be ready to press at any time.