These days, there's again debate over whether re-staking and shared security are "nested" or not. I think it's normal to argue about it. Seeing compounded returns looks very attractive, but people tend to subconsciously interpret "an extra layer of return" as "an extra layer of certainty," and the illusion just keeps stacking up. The mining setup at least has costs written into electricity bills—it's ugly but straightforward; re-staking here is more like credit and relevance layered together, and when things go wrong, it's often a chain reaction.

Recently, I treat it as a practice in trading psychology: when I see a high APR, I first ask myself, "What kind of risk am I taking on this note?" and whether I can sleep soundly in the worst-case scenario. Anyway, I prefer to earn a little less than to combine safety with returns in a compound manner. That's how I start.