Recently, I saw everyone talking about re-staking and shared security. Basically, it’s “the same margin working multiple jobs.” The compounded returns sound appealing, but don’t get carried away with illusions: the APY written above can change, and the risks below won’t be polite to you—if something goes wrong, it’s a collective liability.

I won’t pretend to be a contrarian indicator; when I get the itch to add to my position, I first close the page and check discussions about interest rate cuts and the dollar index. Risk assets sometimes rise together, sometimes fall together—emotion runs faster than logic. Anyway, I’d rather earn a little less now than treat the word “safety” as a get-out-of-jail-free card… Keep the position smaller, sleep more peacefully.