I'm not very good at talking about those flashy "new yields," but when it comes to LST/re-staking, honestly: money doesn't fall from the sky. The main source of LST's returns still comes from the "basic interest" generated by validators producing blocks, and re-staking uses the same security to "reuse" across multiple places. The returns look higher, but in reality, you're taking on extra risks: penalties and confiscations, contract vulnerabilities, liquidity crises, and even if one middle layer has an issue, everyone gets caught up.



Recently, developers are excited about modular and DAO layer narratives, while users are confused. I can empathize... the more layers you break down, the more complicated the sources of yield become. My approach is pretty simple: first ask "who is paying, and what risks are they taking?" If you can't answer, treat it as marketing talk, avoid it as much as possible, and sleep peacefully.
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