Ethereum

can someone who understands this much better than me show me how restaking doesn't totally turn a decentralized system into a fragile one vulnerable to cascading risk

ceo @ helius.dev, host @ lightspeed, ex coinbase — wartime shitposter

janitor for /zk and some more stuff here linktr.ee/randomishwalk

This depends on how you stack the risks the percentage of rehypothecation and the overlap of slashing risk.

Polygon2 staking will allow restaking natively, with restrictions on how much of that stake is slashable at once -- we have an analysis that shows the safety thresholds. We should probably publish it...

Builder of things. Dir of Product Research @ Polygon; x: Flow, Augur;

Yes, I can actually write code.

does your analysis hold under adversarial / fully permissionless settings + a bull market run + inevitable subsequent collapse?

As I understand it, there's no way for an ETH staker to actually lose their entire deposit. If they act maliciously they start getting slashed, but will even be removed from the pool before getting close to zero. This difference means additional risk can be stacked without cascading failures.
More exposure, more yield?

I believe so but honestly I should review my assumptions, the assumptions in the analysis as well. Lemme see if I can get it out here so more people can get eyes on it.