These past two days, I’ve been looking at that “restaking + shared security” setup again. When you stack the returns, it looks pretty enticing—but I’m a little afraid that I’m starting to treat “digital” as “certainty.” To be blunt, even an illusion can compound. Especially when new L1/L2 projects come out swinging with incentives to pump TVL: it’s not unreasonable that veteran users complain that mining, selling, and cashing out isn’t always just “free yield.” Once the hype fades, what’s left is simply this—who will absorb the volatility, and who will carry the penalty risk.

I made a rule for myself: as long as I can’t clearly explain where this layer of yield comes from, or I can’t tell what the worst-case loss would be, then I’ll treat it as if it doesn’t exist. Even if the APY looks hot, I won’t reach out first. Anyway, I’ve written about getting wrecked too many times already—this time, I just want to pay less tuition… for now, that’s it.