Recently, I've seen a bunch of plays involving re-pledging and shared security again, basically taking the "same collateral" and giving more systems endorsement. The returns seem to stack up, but the risks are also accumulating in the shadows. What I fear most is not losing money, but layered permissions, where in the end, I can't even tell who I authorized or who can move my collateral.

Some people hype up AI Agents/auto-trading as very powerful, always saying "let the robot help you with on-chain interactions." My first reaction isn't about efficiency, but: how much private key/signature permission does it have? Can it only do one-time actions, be limited in amount, or be revoked at any time? Anyway, whenever I see the words "stacked returns," I first check the contract permissions, delegate/operator replaceability mechanisms, and who’s responsible if something goes wrong—slash... Even if it takes a bit longer, at least don’t mistake illusions for actual gains.