I just came across a few more testnets for restaking that are doing points, and the comment section is all guessing whether the mainnet will issue tokens… honestly, I’m a bit annoyed. Where exactly does the yield from LST/restaking come from? Put simply: you store ETH again to get a receipt, and then the project team uses your receipt to earn operating incentives across various nodes, or they subsidize it through protocol token inflation. But what about the risks? There’s the smart contract layer, of course, and then there’s whether the underlying staking nodes themselves have bugs—if a liquidation black swan happens on-chain, the restaking receipt you’ve wrapped inside could become hard to redeem. (sigh) Anyway, right now I’m seeing people calculate how high the APR is, one after another—I’ll just quietly repeat “principal matters more than interest” three times. If I can only keep one habit: check your current liquidation price every time before you place an order.