Lately, the more I look at LSTs and re-staking, the more I feel like: going a little slower really isn’t a loss. If you put it plainly, the returns come from two ends: one is the small amount of “hard-earned money” from basic staking, and the other is the incentives the project shoves in to pull data. The former is slow but relatively clear; the latter is fast, but it’s also the easiest to turn into a “mine–withdraw–sell” scene—especially the moment a new L1/L2 launches and a “sugar” airdrop hits. Even old users end up mining while complaining the whole time… I get it. I’m also itching to jump in.

And don’t think the risks are any more complicated than that: if you repeatedly pledge the same sense of security to more people, once the chain gets long, even if some contract/rule/operation blows up in the middle, it could wipe everything out in one go. Anyway, for now I’m running half a step behind—I’ll watch others do a full round first, see exactly how the unlocks and penalties are written, and then decide whether to get involved. I’ll make a little less, and sleep soundly.