I checked US Treasury yields today, and then looked at a few of the pools I’ve staked myself—and it suddenly feels kind of interesting. I used to think on-chain yield was its own little kingdom, but lately I’m starting to feel that interest rates are like water: wherever it’s higher, that’s where it flows. And once risk appetite tightens, everyone ends up rushing toward the safer places.

Anyway, I’m not really the type to mess around. Those nested “matryoshka doll” products just give me a headache. Better to stake in a straightforward way—if the yield is lower, then it’s lower; at least it’s hassle-free. When you’re slacking off, spend a bit more time watching the macro situation—otherwise, you might get swept up without even realizing it.