Recently, I've seen a bunch of discussions about re-staking and shared security again. The idea of stacking yields on top of yields sounds pretty attractive, but I always feel that people are more likely to casually stack "a few more" and end up thinking "the risk is also diversified." To put it simply, security isn't just copy-pasting; if the underlying chain or the set of validators has an issue, the projects attached above might all shake together, and you might not even have time to say "I thought I was just earning some extra income." In fact, it's quite similar to the emotions in the group when repeatedly sharing rumors about stablecoin regulation, reserve audits, and de-pegging: the more it's shared, the more anxious people become, and the more anxious they are, the more they want a certain return to comfort themselves. Anyway, I now pay more attention to whether the exit path and penalty mechanisms are clearly written out. Earning a bit slower is fine; just reduce the illusions of stacking.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin