Someone asked, "Where exactly does the yield from LST/re-staking come from?"

My understanding is twofold: one is the underlying staking consensus rewards, which are relatively slow, like the protocol issuing them itself; the other is you taking the same collateral and using it for security or liquidity, with the protocol providing subsidies or sharing the profits, essentially taking on more risk for faster returns.

The risks are pretty straightforward: price volatility plus a series of liquidation chains (you think you're just earning passive interest, but in reality, a needle can prick the leverage), plus invisible hazards like contracts, bridges, and oracles.
Recently, everyone’s been talking about rate cut expectations and the US dollar index acting erratically along with risk assets, so I’m even less inclined to treat re-staking as a deposit. I prefer smaller positions to sleep better.
Anyway, for now, let’s watch the curves and liquidation depth gradually and see how things develop.