Plainly speaking, re-staking this thing sounds like it can grind ETH all the way down to the bone, but where does the yield come from? It’s just squeezed out of node operations, protocol incentives, and your principal. LST itself is built on ETH staking rewards; re-staking just adds leverage to that layer of rewards, and then protocol tokens are used to paint you a tempting picture. What about the risks? Smart contract vulnerabilities, liquidity crises, and the fact that once you swap ETH to LST and then into re-staked assets, if any link breaks in the chain, it all turns into worthless paper. When funding rates get extreme, the community keeps shouting about reversals or about bursting bubbles—anyway, I think the first thing is to see whether you can withstand that volatility, then think about returns. Don’t trust “code is law”; only look at the exit path and liquidity. If those are gone, everything is just imaginary.