Lately I've been looking at LST and re-staking again, honestly, the main sources of profit are twofold: one is the "interest" from underlying staking, and the other is the incentives provided by various protocols to compete for TVL. The former is relatively straightforward, while the latter is a bit like opening a mall and giving out coupons—lively but not necessarily sustainable.

Don't overthink the risks: LST itself has de-pegging/liquidity issues, and re-staking is more like using the same "deposit slip" as collateral at multiple stores—if one of them encounters a problem (punishment, contract loophole, operational chaos), you might think you're diversified, but it could actually be a collective risk. Recently, funding rates have been extreme, and in the group, people are arguing whether to reverse or keep squeezing the bubble. I’ll just review the authorizations first—if I can revoke any, I will. Don’t let the gains go to waste before feeding the wallet. I still check the transfer addresses three times… It’s exhausting, but I really can’t afford to be careless.