Recently, I've seen a bunch of projects discussing "yield stacking" and shared security again. Honestly, the thing I fear most about stacking is the illusion: the underlying staking risk hasn't disappeared; it's just been wrapped in multiple layers of "seems very stable" cash flow. Data shows TVL is rising quickly, but where does the safety budget actually come from, how are penalties transmitted, and who bears the first brunt when something goes wrong... If these aren't clearly explained, I really don't dare to increase my position, so I can only treat it as a small experiment.

By the way, the community has recently been arguing over privacy coins, coin mixing, and the boundaries of compliance, which are quite divisive—like two sides of the same coin: everyone wants "more freedom," but once faced with real-world rules, they start taking sides. Anyway, I'll first revoke a few old authorizations and then go to sleep.