Recently, I’ve been getting itchy again with LST/re-staking, honestly just because seeing the words “more layers of yield” makes it easy to overestimate my ability to exit quickly.

Where does the yield come from? Either someone pays real fees (protocol charges, MEV sharing, service fees), or it’s subsidies + re-packaging, changing the name to keep issuing tokens as cash flow.
The risks are pretty straightforward: the underlying staking already has penalties/delayed withdrawals, re-staking sells the same collateral to more people, and if something goes wrong, it’s a compounded explosion—being “just holding LSTs” might not even be innocent.
Now, with modular and DAO layer narratives making developers excited, users are confused, but ultimately, whether it’s about “who’s paying” can be seen through in a glance.
Anyway, I’m not taking sides, just watching to see when someone truly dares to press the button.