Recently, I've been looking into LSTs and re-staking again. To put it simply, the returns don't just fall from the sky: part of it comes from the inflation/fees of staking itself, and another part is lending out your "safety" to earn incentives from the project team or to do more things and share the profits. It sounds pretty attractive, but the risks are quite straightforward: you're actually stacking multiple layers of underlying collateral. If any layer encounters a problem, the chain reaction is like a coconut shell cracking, and everything inside leaks out.

Especially now that cross-chain bridges have had issues, I’m more cautious about strategies that involve "moving assets across chains and adding leverage"; and when oracles report errors, everyone rushes to "wait for confirmation." I can understand that too—it's better to be slow and avoid getting liquidated and taken out. Anyway, I now prefer to do small test withdrawals or redemptions first, and only proceed once the process is smooth.

What I fear most isn't missing out on opportunities, but rather the regret of clearly understanding the risks but still pushing through, only to have to pretend nothing happened afterward.