Over the past two days, I’ve kept seeing re-staking/sharing security being hyped as “yield stacking.” But honestly, the hardest stacking is sometimes just an illusion: it doesn’t really add that much to the underlying security, while the story only gets more and more airtight. When others post a string of dot-dot-dot annualized returns, I’ll admit I envy them too—maybe even a bit jealous—because who wouldn’t want to lie back and get a little more… But if you think it through, the risks are also stacked; they just don’t light up on the dashboard. Also, a while ago people started blending together the whole interpretation of ETF fund flows plus U.S. stock market risk appetite again—when it goes up, it’s “macro resonance,” and when it falls, it’s “a retreat of risk sentiment.” Hearing that too often really makes my head spin. Anyway, I’d rather understand the liquidation and penalty rules clearly first, then act—buy fewer dreams.