Actually, everyone understands that the easiest thing to get people excited about in staking/sharing security isn't the technology, but the imagination that "the returns can be layered even further."

Yesterday, I even broke down the reward sources of several protocols using a table and found that many so-called layers of stacking are essentially just rebranding the same risk: underlying asset price fluctuations + confiscation/delayed exit + secondary market liquidity discounts, all packed into a small annualized percentage.
On the other side, public opinion likes to explain the rise and fall by tying ETF fund flows tightly to U.S. stock market risk appetite, which makes me even more cautious—when macro turns, what’s layered on top isn’t returns, but illusions that shatter first.
Anyway, I only ask two questions now: who will pay the price if something goes wrong? How long will it take to exit?
Think it through before getting involved.