FloatingMirrorSphere

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, phishi