Lately I've been looking at the LST+ re-staking setup again, wondering where the returns actually come from... To be honest, it's not magic; mostly it's "using safety as labor" to get those gains. The underlying staking rewards are just so much; the rest either comes from protocol subsidies/attracting new users, or stacking more risks: smart contracts, penalties and confiscations, liquidity squeezes, plus a bunch of dependencies I don't understand. When TVL drops, everyone starts to dislike each other.

There are also retail investors complaining that validators earn too much, and that MEV makes the ordering unfair—that's pretty revealing: you think you're earning interest, but you might actually be paying for others' "priority"... Anyway, I say all this but still click to try it out.

Next time, I might be less greedy, start with small amounts, and only choose those with fewer dependencies to play around. Do you still dare to layer multiple times and then re-stake? Or just go with the native yield and relax?