crypto
02

Yield is in the token

That 2.5% is denominated in ETH. If ETH falls 20%, the staking reward does not make you whole. Earning yield is not the same as hedging price.

crypto
03

Yield always has a source

Staking pays new issuance and fees for securing the network. If you cannot explain where a return comes from, you cannot judge whether it will last.

crypto
04

More yield, more layers

Restaking and DeFi strategies can raise returns, but each added layer stacks another smart-contract risk. Higher yield is compensation for risk, not a free upgrade.

crypto
05

The takeaway

Treat any advertised APY as a claim to test. Understand the source, size positions to survive a protocol failure, and remember yield never erases price exposure.

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