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I just turned off the "auto-reinvest" switch, and I immediately felt more at ease.
Recently, LST and re-staking have been hot topics; to be honest, the returns don't fall from the sky:
Part of it is that you're packaging the original staking rewards more smoothly, and the other part is taking the same collateral and using it to back other systems, which also increases the risk.
On-chain, it looks like an additional "interest-earning asset," but in reality, it's an extra layer of counterparty + mechanism complexity.
When things go wrong, everyone rushes to withdraw together, and liquidity becomes as thin as paper.
It's a bit like the recent debates in the community about privacy coins, coin mixing, and regulatory boundaries—everyone thinks they're justified, but when faced with regulatory or exchange risk control, emotions don't matter.
Anyway, I stick to my usual rules: keep positions small, extend the time horizon, only invest when I understand, and ignore high-yield schemes I don't understand.
Let's leave it at that for now.