Just saw someone hyping re-staking and shared security, saying “stacked earnings” makes me feel dizzy. While you pile up a bunch of returns, you’re also stacking up a whole heap of risk delusions, right? RWA and US Treasury yields are now being used to compare with on-chain products. In plain terms, it’s using the “stability” of traditional assets to package the “high” returns of on-chain yields. But don’t forget: impermanent loss, smart contract vulnerabilities, the cascading liquidations from re-staking—aren’t those all real, hard pitfalls?