Recently, I've come across a bunch of screenshots showing "re-staking + shared security" with compounded returns, basically taking the same collateral and using it to endorse more projects. The money looks like it's growing, but the risk is also multiplying in a "compound" fashion... Don’t just focus on the APY line; think about this: if the underlying rope loosens, all the bells hanging from it will fall together.

To give a life analogy: you use the same credit card to guarantee three people, and when everyone pays on time, you think you're good at making money; but as soon as one defaults, who does the bank look for first? Still you. The same applies on-chain—penalties, joint liability, delayed exits—carefully reviewing these terms can really save fees and lives.

By the way, regarding the recent extreme fluctuation in funding rates, whether the group is arguing about a reversal or continuing to bubble, I think that when emotions run high, it’s even easier to chase the illusion of "stacked yields"... Anyway, I’d rather earn a little less now and first clarify the exit paths, penalty conditions, and whether the routing might get caught in a trap—slippage is already enough of a headache.