Just finished a few yield analyses of restaking projects, and honestly it’s a bit complicated. The main sources of returns for LSTs and restaking are basically node operation rewards and additional protocol incentives, but the risks are also hidden in there—smart contract risk, liquidity risk, and also ETH’s own price volatility. Recently a lot of people have been comparing RWA and on-chain US Treasury yield, and yes, the US Treasury yields are quite stable, but on-chain restaking has more upside elasticity—though it also requires you to keep a close watch. Anyway, personally I think if your position isn’t big, it’s enough to be straightforward and hold some spot or use LSTs to earn the baseline yield; there’s no need to layer multiple things just to chase a few extra points. The biggest fear in a bull market is getting greedy for that extra yield and ending up losing your principal. That’s it for now—also not sure whether I’ll be up late watching charts again tonight.