Recently, I’ve been asked again what LST/re-staking actually earns… To put it simply, it’s taking “the portion that was originally locked” and using it to do something else. So where does the money come from? From other people who are willing to pay you for the sense of security/liquidity. But the risks are also very straightforward: once something goes wrong with the underlying layer, or if an additional layer of rules gets stacked on top, you could be the last one to realize you’re being implicated/held liable by association.

And now, those on-chain data tools and tagging systems are also being criticized for being laggy and even being able to mislead people… Don’t put too much faith in how “clean” things look. I personally would rather earn a little less than go to sleep with my position making my heartbeat race. If you can understand it, then take part; if you can’t, just treat it as if it isn’t there. That’s it for now.