LST/re-staking thing—lately it’s been hyped like some kind of miracle “lay-and-earn” tool. Don’t spin me with any talk about returns; plain and simple, you’re using your principal to bet on protocol subsidies and governance incentives. The “profits” are like the top tier of a modular narrative, like the ceiling of the story, or like a variant of an air-coin—looks grand, but once you poke it, it bursts. What about the risks? Underlying-asset volatility, protocol vulnerabilities, and liquidity drying up—any random black swan can leave you in a bad way. Anyway, I don’t believe in this “interest-bearing” myth; getting cash in your pocket is the real deal.

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