Looking for a charger all morning, I suddenly remembered the LST/re-staking thing: earnings, frankly, don't just appear out of nowhere; either they use your staked security to "borrow" for other purposes (paid by others), or the project uses incentives to keep you around. The former seems more "logical," but it also means risk shifts from a single stake to a chain of protocols: contracts, oracles, liquidation, penalty rules—any link malfunction could propagate. Recently, before and after the main chain upgrade, everyone’s guessing whether there will be migration, but I’m actually more concerned about: when the chain moves, whether LST pricing/liquidity might get stuck, and whether automated strategies should first reduce leverage or leave some buffer. Anyway, I still follow my process—only when I can run it ten times repeatedly do I dare to increase my position.

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