Recently, I've seen a lot of people discussing LSTs and re-staking, basically taking "staked notes" and doing other things with them. The returns look pretty smooth: one layer of underlying block rewards/fees, and then adding another layer of service fees, incentives, and so on. But I always feel like money doesn't just appear out of nowhere; it’s more like you're moving the risk somewhere else — from the certainty of on-chain consensus to more "human" areas like smart contracts, node operation, penalty mechanisms, and liquidity runs.

And lately, hardware wallets have been out of stock, phishing links are rampant, and everyone's security awareness has improved... but it’s also easy to be tricked back by "simple operations, just click once." I see simplicity as a trap: the more convenient the profit, the more you should think about who’s covering the losses if things go wrong. Anyway, I’d rather earn less now than gamble my position with pride or bravado.