Lately I've been looking at LST and re-staking strategies again. Honestly, the returns look attractive, but you need to think carefully about where the money is coming from: some of it is genuinely useful (validation, service fees, security budgets that people are willing to pay), while another part is more like "incentives front-loaded." This is especially obvious when new L1/L2 projects pull in TVL; old users complaining about mining, selling, and liquidity isn't without reason... The small gains you earn might just be chips others are preparing to run away with.

Risks shouldn't just focus on price fluctuations; it's more about stacking "layers" too high: staking at the base layer + LST mechanisms + re-staking contracts + project permissions. Any hiccup in one link can trigger a chain reaction. Anyway, whenever I see returns suddenly spike to absurd levels, I step back first—prefer to earn less and sleep peacefully. How about you?