Recently, I've been looking into re-staking/sharing security again. Basically, it's about repeatedly "putting the same collateral to work." The returns seem to stack, but so do the risks—people just prefer to ignore the latter. The premise must be clarified first: your profit = the actual money paid by the protocol − fees/slippage − the small amount stolen by MEV − the tail losses in case of an incident (also multiplied by a probability). Don't automatically think "more layers mean more money" just because you see APR—that's an illusion of stacking.

And now, new L1/L2 chains are offering incentives to attract TVL. It's normal for old users to complain about "mining, harvesting, and selling": the subsidies aren't coming out of thin air, and in the end, it's highly likely that the value will be settled through price fluctuations. My approach is pretty straightforward: I prefer to earn less rather than risk overconfidence. I want to understand the failure probability, exit costs, and liquidation paths of each layer before jumping in. Otherwise, it just looks busy, but in reality, you're just treating luck as a model.