Recently, I've been looking at the staking/sharing security setup again, the compounded returns do look quite attractive, but to be honest, it's easy to mistake "an extra layer of returns" for "an extra layer of certainty," and that's where the illusion comes from. Security is shared, and so are risks; if the underlying layer encounters some issues one day, the layers above might shake together, and it could be too late to run.

These days, the funding rates are extremely volatile again, and the group is arguing over whether to reverse or continue to squeeze the bubble. I basically don't guess the direction anymore; the more lively it gets, the more I remind myself not to leverage, trim my positions like pruning a potted plant, and leave some liquidity. Anyway, I prefer to allocate part of my funds to a stable pool and slowly grind, and treat the rest as practicing patience... It's a bit depressing, but it's okay, at least I'm not panicking.