Recently, someone was talking about "re-staking + shared security" as if it were an endless profit machine.

Seeing the quirks of the routing and pools just makes me want to laugh...
Returns can be compounded, and risks can also be compounded.
The biggest danger is mistaking "seems safer" for truly being safer.
To put it simply, if you use the same collateral to back multiple chains, you could all crash together if something goes wrong.
Don’t treat correlation as air.

In the group these days, people are again sharing screenshots about stablecoin regulation, reserve audits, and various "de-pegging" scenarios.
When emotions run high, it’s easy to treat yield as a talisman.
I personally threw in 23 USDC to test the waters, waited 7 minutes for the routing, and got hit with a slippage loss.
That instantly woke me up:
What’s being stacked isn’t profit, but illusions layered on top of each other.
For now, I’d rather earn a little less than rely on imagination to hold my position.