Recently, I've been looking into LST and re-staking. To put it simply, the returns aren't that mysterious: part of it is the original staking rewards, and another part is lending out the "security/validation endorsement" to earn rent. Project teams will add some incentives to attract TVL. It sounds pretty attractive, but the risk is also here — the extra gains essentially mean taking on several layers of counterparty and contract risks, plus the risk of de-pegging and liquidity issues when things tighten. Hardware wallets are sold out, phishing links are everywhere. Thinking about it later, it’s quite funny — everyone chases those small points of profit while casually entering seed phrases into web pages. Anyway, I’m now more concerned about whether I can sleep well. Earning slowly is fine, I just want to clear my permissions and signature records first.