These days, I've been reviewing the LST/re-staking yield table. To put it simply, the returns are threefold: the underlying staking rewards, the incentives earned by "renting" out security, and various subsidies/points expectations. The numbers look pretty attractive, but the risks are also on the same sheet: penalties and node risks for the underlying, potential issues with contracts and strategies in re-staking, and when liquidity withdrawal gets tight, it can really make you doubt your life... I now prefer to take fewer risks so I can withdraw at any time. Outside, L2s are still competing over TPS, fees, and subsidies, and it's quite noisy. I assume subsidies will eventually be cut off. Anyway, I still believe in "sustainable small gains," and I don't see stacking multiple layers as a certainty.