I saw someone say "re-staking + shared security = free gains," and I get a bit nervous... Profit stacking is fine, but so is risk stacking; it's just that people don't like to include it in their calculations. Basically, you're using the same collateral to back multiple systems; if something goes wrong somewhere, the liquidation cascade is chain-reaction, don't expect to escape it.

Recently, I keep comparing RWA, especially U.S. Treasury yields, to on-chain yield products. I understand the desire to find a "more stable" anchor, but many on-chain yields are actually packaging and selling tail risk to you; it just looks good on the surface. Anyway, I now prefer to earn less and withdraw quickly when parameters heat up—being cautious but surviving longer. As for "just leverage a little," well... once you open it, it's open.