I came across someone saying that restaking is “doll nesting,” but whether it is or not… I’ll first look at where the money comes from. LST yield is simply staking rewards—that part is easy. Restaking adds another layer; put bluntly, it sells ETH’s security value one more time in exchange for some extra yield. Shared security sounds sophisticated, but when a node gets slashed, your principal disappears too. Is that a risk or a cost? I’ve hedged my spot position with futures, but I didn’t dare use leverage on the restaking portion. I’ll treat it as buying a call option—for the record, I previously followed an account that specialized in the risk structure of Restaking, only to find that every article ended with “recommend going all in.” I quietly unfollowed it. That’s all for now; I’ll wait and see after EigenLayer’s slashing mechanism has run for a few cycles.