Recently, I’ve been looking into re-staking and shared security again, and it feels a bit like lending the same “collateral” to several people at once. The returns look like they can stack, but the risks stack too—only that many people treat those risks as if they don’t exist, like they’re just invisible air… To put it plainly, don’t think that “getting a little more incentive” means you’ve magically added cash flow; behind it, more places may end up failing together. The new L1/L2 TVL pull strategy is the same: once incentives kick in, everyone rushes in to mine, then sell. I can understand why long-time users complain a couple of times. Last night, I even had a moment where I thought about exiting directly—maybe even uninstalling a certain wallet plugin. It was too noisy, too messy; my mindset was being dragged around by it. Later, I thought it through and decided to exercise restraint: first, get clear on the issues you could be penalized for, the unlock period, and who is able to move your stake; only then decide whether to jump in—at the very least, don’t pile on the illusion.

L1-2.98%
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