Recently, the group has been talking about LST and re-staking again, and honestly, most of the returns are not just made out of thin air: some come from the staking itself, like the block rewards, and a lot rely on "people willing to pay for security/liquidity/points," or projects getting subsidies to support it... When the subsidies stop, it suddenly becomes quiet. The risks are pretty straightforward: the more layers of contracts and intermediaries there are, the more likely it is that any problem in one layer could cause a chain reaction; there’s also de-pegging, exit queueing, and liquidity tightening that makes it hard to run. Watching memes and celebrities call for another wave, veteran players advise newcomers not to take the last step—I really empathize... I’m just used to it now, no rush, wait for confirmation, only look twice when you can withdraw at any time, and then keep watching.

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