Recently, I saw a bunch of profit charts stacked with “re-pledge + shared security,” to put it simply, profits can be stacked, but risks are also stacking. It’s just that the UI doesn’t like to enlarge that small line of text: who are you ultimately backing, when can you exit, who gets cut first if something goes wrong. Not to mention routing issues, slippage, and strange pool behaviors stacking up. Even I, who keep an eye on bad trades, feel scalp-tingling.

I thought I was cautious enough, but yesterday I tried a small amount to go through it, and found that “the extra profit” is mostly psychological comfort gained by locking up liquidity… When volatility hits, you realize where the exit is only when you want to withdraw.

Recently, memes and celebrity calls have heated up again. When attention shifts, newcomers are most likely to take the last step. Anyway, my current principle is: understand the exit path before talking about stacking profits; if you don’t understand, just pretend you didn’t see it. That’s how I’ll proceed for now.