In the past few days, I've seen everyone arguing about whether staking and shared security are "nested dolls." I actually think the controversy itself is quite normal: returns can stack up, but risks can also quietly accumulate. To put it simply, borrowing the same security for multiple uses sounds clever, but if any part of the process encounters a problem, it might not just be a "small loss," but a chain reaction that's hard to handle.

My current approach is more conservative: I only consider protocols I can understand, unlock periods I can accept, and worst-case scenarios I can bear. Otherwise, I just watch from the sidelines. When the yield curve looks very attractive, it's best to also have a mental map of "what happens if everyone withdraws at the same time"... Anyway, don’t treat stacking yields as stacking certainty; for now, that’s how I see it.