Recently, the group has been discussing stablecoin regulation, reserve audits, and there are rumors about "de-pegging," so everyone's emotions tend to get easily triggered... I just casually mention LST/re-staking. To be honest, the main sources of yield are twofold: one is the original staking rewards, and the other is the subsidies/fees earned from using the "same collateral" to back other protocols. But the risks also stack up: contract failures, validator penalties, liquidity runs, and most critically, a problem in one layer can cascade to multiple layers, with the address graph showing all interconnected links.

What I fear most isn't slowness, but chaos—slow can be waited out, but chaos leads to a chain reaction of stampedes, and no one can tell where the money ultimately gets stuck. Anyway, I only dare to use protocols where I can understand the flow of funds and clear withdrawal paths; I don't chase after that small "extra" yield.