Recently, I’ve seen everyone focusing on LST and the “extra yield” from re-staking. To put it simply, money doesn’t just appear out of thin air: either someone pays a fee/service fee, or the protocol incentivizes you with tokens. The former is more reliable, while the latter depends on when the incentives stop and whether people are truly willing to pay afterward.

The risks are pretty straightforward: each additional layer increases the chance of something going wrong. If the contract, operation, oracle, or re-staking side malfunctions, the “staking-like” note you hold might become useless. Recently, the staking unlocks and token unlock schedules are being scrutinized daily, which is alarming. I can understand the anxiety over selling pressure, but the more these situations occur, the less you should set your expectations high. Lowering my expectations makes me feel lighter; if I can invest, I invest. If I can’t, I accept it—at least I can sleep peacefully.