Recently, the group has been sharing about stablecoin regulation, reserve audits, and various screenshots of "de-pegging" concerns. To be honest, seeing too much of this can sway my mindset... I just remind myself not to be driven by emotions to increase leverage.

Regarding LST/re-staking, the returns are not just falling from the sky: part of it comes from the rewards of underlying staking, and another part is lending out the "same security" to collect rent (various point incentives also count as a kind of sugar). The risks are similar: smart contract failures, secondary staking leverage cascades, redemption queue liquidity drying up, plus large on-chain holders moving causing the pool depth to suddenly become insufficient.

What I don't regret is always holding a light position, staking in batches, and setting stop-losses in advance. If the returns are slow, so be it; at least I can sleep at night.