Recently, I saw a bunch of people talking about re-staking and shared security.

Basically, it's about splitting the same "sense of security" and selling it multiple times, with compounded returns sounding pretty attractive, but the risks are stacking up too.
You might think that getting a few more layers of interest is safe, but when something really goes wrong, it could be multiple layers collapsing at once.
When liquidation hotspots hit, no matter how hot your hands are, you can't withstand it.

I've been watching perpetuals for a while: when the funding rate tilts, emotions can easily lead people astray.
On-chain "stacked yields" shouldn't just be looked at through the panel APR—first ask: who bears the underlying risk?
When problems arise, is it a slow loss or a direct wipeout?
Don't treat "shared security" as shared safes.

By the way, about NFT royalties—after all the arguing, it boils down to one word: liquidity.
Creators want to earn more, which is fine, but the market has to be able to move too.
In the end, it's often whoever has the loudest voice that gets the most attention... and retail investors end up footing the bill.

I trust data more, not because I'm smart, but because my intuition often tricks me when I most want to buy the dip.
That's all for now.