These days I've been looking into re-staking / shared security stuff, basically "using the same security multiple times for collateral." The compounded returns look pretty attractive, but I always feel like it's akin to lending the same umbrella to three people; someone will get wet when it rains. What I fear even more is that before the returns can stack a few layers, the illusion is already full: thinking I've diversified, but in reality, all the correlations are squeezed into one button.

Recently, the L2 side has been comparing TPS, fees, and subsidies, arguing like street vendors competing for customers... I actually want to ask: when subsidies stop and liquidity leaves, whose fault is the underlying security? Anyway, I now just consider myself someone who "practices holding back," and whenever I see annualized returns, I first take my hand off the mouse and sleep on it before deciding.