These days, someone else talked to me about re-staking + shared security, basically "multiple rentals of the same security," and the returns look very satisfying. I also feel tempted, after all, when liquidity is tight, who doesn't want to squeeze out a little more water... Later I realized that what I was stacking wasn't actually returns, but illusions: the underlying risk hasn't changed, but instead there are more layers of contracts and liquidation traps. When something goes wrong, everyone rushes to the door together, and the small tricks of royalties and floor prices are simply too late to play. By the way, I saw discussions in the community about privacy coins/mixing/regulatory boundaries, and it feels the same — when rules are unclear, imagination is the most valuable, and reality is the most fierce. Anyway, I'm now more concerned with "what's the worst that could happen," for now.

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