Recently, I came across a bunch of screenshots of LST and re-staking yields again, which made my eyes water... To be honest, the returns are not just falling from the sky: one layer is the basic interest from staking itself, and the other layer is packaging and selling "security/validation services," with project teams earning incentives and fees to feed you. It sounds pretty good, but the risks also stack up: contract risks, redemption queueing/unpegging, and if something goes wrong with re-staking, it could even drag down the safety boundaries of the main body, making the correlation no longer neutral. The modular and DA layer systems that developers have been excited about lately are very busy at the bottom, while users are often confused. I think it’s very similar to re-staking: the underlying is busy, and the people above only see "more layers of returns." I still prefer to diversify my approach now—hedge where I can, and avoid putting too much into things I don’t understand. That’s how I’ll proceed for now.