Recently, someone asked me again what LST/re-staking actually earns. To put it simply, the basic income comes from staking rewards; re-staking more is mainly about packaging and selling "trust" and "risk": you use the same collateral to endorse other services, and they give you points/subsidies/fee sharing or similar benefits. The returns look quite attractive, but the risks also stack up: smart contract vulnerabilities, misunderstanding of penalty mechanisms leading to joint liability, LST discounts when liquidity tightens, and a bunch of authorizations that open up wallets wider and wider.

Recently, the wave of AI Agents and automated trading has also been quite popular. Many people boast about "one-click fully automatic" systems, but I just want to say that automatic interactions most love giving unlimited authorization... It’s like turning on autopilot but also like lending your house keys to strangers. Anyway, my current approach is very simple: if I can avoid re-staking, I won’t touch it; if I do, I only allocate small amounts, regularly check authorizations, and revoke them if possible. Losing a key once, you really remember it for a lifetime.