Recently, I've been looking into re-staking/sharing security again, with returns stacking layer upon layer. It looks pretty tempting, but I always feel like many people are just stacking illusions... Others think that adding a few more services means earning a few more shares of money, but in reality, it's the same risk being split into several names to continue squeezing, and when penalties or malicious acts happen, they won't be showing any mercy.

And then there's social mining, fan tokens, that kind of "attention equals mining" concept, which is basically treating emotions as fuel. When popularity drops, returns drop along with it. No matter how much you package it on-chain, it can't save the situation. Anyway, when I look at projects now, I first ask: who is actually paying for these returns? If they can't pay, don't use "shared security" as a shield. That's how I see it for now.