EigenLayer's re-staking mechanism, simply put, treats ETH as a universal collateral—stuffing it wherever security is needed. The yields stack layer upon layer, which sounds tempting, but I keep wondering—do these new projects really need that much economic security, or do they just need your ETH to create a facade?

Recently, that chain is about to upgrade again, and some in the community speculate whether projects might use the opportunity to exit scam or migrate. In my opinion, the risk of re-staking is similar: when the foundation shakes, all the Lego blocks stacked on top wobble with it. I still believe in this narrative, but belief aside, I won't go all-in on my position. That's it for now.