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

A successful, truly decentralized and permissionless system cannot be vulnerable to any application built on top of it. That’s the whole point of what we’re building. 

Also restaking is essentially a  derivative. Which is a legitimate financial product

Lover of God + crypto. Building /mintgiving 

Made reality.eth. Building Backstop Layer2 https://backstop.technology  Mainly post about goats.

Also on bsky: https://bsky.app/profile/goat.navy

I didn’t say not dependent on external things. I said not vulnerable to applications built on top of it

That it is a very, very big difference

By that definition there are no successful blockchains. They're all dependent on a bunch of external things that can't be guaranteed.