TVL is not the goal; TVL is a necessary evil. Every dollar locked in a (especially immature) protocol instead of being locked in a simple and secure wallet is to some extent a security risk.

Sometimes we have to take that risk to get valuable benefits, but locking for the sake of locking should be minimized.

100% 

But the game theory playing out is that restaking protocols are fighting over $ because if it goes to protocol X it doesn't go into Y 

So they created a point system as the mechanic to distribute ownership later, and it is very lucrative to holders  

Blow-up risk is unfortunately an externality