Recently, I saw a bunch of "re-pledge + shared security" again, with compounded returns looking pretty good, but I always feel like the stacking is just an illusion... To be honest, security isn't Lego blocks; if the risk correlation is high, and something really goes wrong, it’s all over in one go. After being educated by cross-chain bridges once, I now focus on how permissions are managed, who can pause in case of an incident, whether audits are just a logo sticker, whether emergency plans have been truly rehearsed—take it slow if needed.

By the way, I thought of the NFT royalty dispute—everyone wants to take a bigger cut, but if secondary liquidity gets tangled, everything becomes uncomfortable. Anyway, I now reflexively ask whenever there's "an extra layer of commission/extra layer of profit": Who covers the downside? Who makes the decision? Who is responsible?

My partner also complains that I scrutinize projects like inspecting a house, starting to ramble when I see multi-signatures and permissions... Forget it, those who have been burned just have this habit. That’s all for now.