WALRUS IS DELEGATION TRAP
$WAL Delegation to
$WAL is a silent killer. It feels easy. Rewards arrive. Storage is fine. You never look back. Until everything breaks. Stake concentrates around "safe" operators. It's inertia, not collusion. But under pressure, this clustered stake becomes a shared failure. Same habits. Same assumptions. Same instinct to smooth over problems. Governance shifts. Penalty curves bend. Parameters change. It's not capture. It's just how the network behaves. You think you're diversified by delegating to Walrus. You're not. You're delegated to a tiny slice. Rotation only happens when friction is unbearable. Stake stays through small misses. Participation looks healthy. Distribution isn't. When discipline slips, obligation softens. "Mostly available" is acceptable. Until it's not. The bad week arrives with queues. Repairs collide with reads. Operators are stressed. Options are thinner than you thought. If stake doesn't move after stress, concentration is the stable state. It's not about who's good. It's about who becomes unavoidable. The week you want alternatives, you realize the second answer was never funded.
This is not financial advice.
#WALRUS #DELEGATION #CRYPTO #RISK 🚨