Recently, friends asked me what exactly is earned from LST / re-staking, and I didn't really want to pretend to understand. Fine, let's speak plainly: the returns either come from the original staking rewards, or from lending out the "security" to other protocols, and they pay you a "rent" in return. It sounds great, but there are risks involved—if the underlying issues (penalties, node/operation failures) occur, or if upper-layer problems (contract bugs, mechanism failures) happen, plus a layer of liquidity crunches, the chain could suddenly push you down and grind you into the ground. Recently, modular and DA layer narratives are hot again, developers are excited as if opening a new art exhibition, while users look confused... I, for one, care more about who is paying, where the money comes from, and not ending up with "using more complex methods to bear the same risks." I'll take my time to watch and won't rush blindly.