 It might be helpful to present a somewhat simplified example of a case where well-foundedness and being bounded from below come apart. Let us use a variation of Trogdon’s (2018b) reconstruction of an example by Rabin &amp; Rabern (2016: 361; this is an example of what Dixon 2016: 448 calls a “fully pedestalled chain”). Consider a spherical region of space S, which we divide up in such a way that each of the proper sub-regions of S has a proper sub-region, and each of those sub-regions in turn has a proper sub-region. In principle, we can continue this process infinitely. Now, let us assume that each region of space derives its being in part from (or is partially grounded in) its sub-regions. Here we would seem to have an infinite regress where, to use the familiar phrase, being is forever deferred, never achieved. But suppose in addition that there are spatial points and that these points are fundamental. Then we might like to say that S and indeed each of its infinitely many proper sub-regions fully derives its being from (or is fully grounded in) spatial points. In this case, the infinite regress of the sub-regions would appear to be innocuous since each of them is after all fully accounted for by the fundamental spatial points. It is worth noting that this example relies on overdetermination since the sub-regions are here thought to derive their being partially from their proper sub-regions and fully from the spatial points. Still, the case for a sense of fundamentality that is compatible with at least some kind of non-well-founded infinite descent or other seems to have been made sufficiently clear in recent work. Metaphysical foundationalism does not seem to be properly captured by the idea of set-theoretic well-foundedness. So, what is it about?