Recently, I've seen a bunch of projects involving re-pledging/sharing security again. The stacked yields do look quite tempting, but honestly, many people are stacking "perceived certainty." I used to look at APY first and then consider risks, but now I’m used to doing it the other way around: first checking permissions (who can pause/upgrade/transfer), then looking at penalty logic (how slash works, who decides the trigger conditions), and finally seeing where the rewards come from. Especially with testnet incentives and the points system, everyone is guessing whether the mainnet will issue tokens, and when emotions run high, it’s easy to mistake "possibility" for "cash flow." Anyway, I personally prefer earning a bit less than risking a bunch of correlated risks, because when something goes wrong, they often all blow up together.