Recently, I saw a bunch of people talking about LST, re-staking, and the yields look pretty attractive, but honestly, money doesn't just grow on trees: it's either the basic returns from validation/staking, or new protocols locking you in with subsidies, or they bundle more tail risk and exchange it for “interest.” When I was working on security, my biggest fear was: you think you're just “depositing” your position, but in reality, authorization, permission upgrades, and penalty rules all become more complex, and the accountability chain gets longer if something goes wrong.

The biggest pitfall of re-staking, I think, isn't low yields, but that you have no idea who you're actually guaranteeing for, or what service you're guaranteeing. If you're penalized or if the contract has a loophole, LSTs might get caught in the crossfire. Also, recently, those on-chain data tools/tags have been criticized for lagging behind and can even be misleading… I now prefer not to draw conclusions from just one dashboard. I’d rather open permissions myself, check who the upgrade admin is, and sign fewer mysterious approvals. Anyway, I’m a cautious person; earning a bit slower is fine.