Recently, there has been a lot of discussion about LSTs and re-staking again, basically the returns look like "getting an extra share," but the money can't come out of thin air: either it's from the inflation/fee sharing of the underlying staking, or it's from new protocols providing subsidies for cold start (like points, airdrop expectations), plus a bit of market sentiment premium. Now that the testnet incentives are live, everyone is guessing whether the mainnet will issue tokens. I can understand that, after all, without guessing, there’s no story...

But the risks are also quite real: adding another layer means another potential point of failure, with contracts, oracles, operator permissions, and exit liquidity all possibly causing issues; if a run happens, on-chain replenishment depends on Gas, and being a step slow can be pretty uncomfortable. Anyway, my own approach is to treat "points" like a lottery, willing to take a small position for a sense of participation, but for large positions, I’d rather sleep soundly. That’s all for now.