Whenever I feel itchy and want to chase a surge, I ask myself first: Is this move being driven by information, or by emotion? Put simply, on-chain data can’t lie, and the direction of funds is there in front of you—but when people get anxious, it’s easy to fool themselves. Lately, I’ve also found it pretty interesting that re-staking those things has been described as “matryoshka dolls.” Shared security sounds like it makes sense, but when the returns stack on top of each other, are we really reinforcing the foundation or just building blocks? Anyway, every time I see this kind of narrative, I think about whether I’m falling back into my emotions again. For now, that’s it—no idea whether it’s a good thing or a bad thing...