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In a database product I'm familiar with, the prepared statements are cached according to their content and those cached objects are shared between connections. Only if they fall out of the cache do they have to be re-parsed. I had assumed that's how all databases worked.

I'm somewhat surprised at the mechanism you're describing, but now I read the documentation it does seem to be the case. I wonder if a small piece of middle-ware might be sufficient to replicate the behavior I'm describing on a connection pool, and whether that would be desirable.