Anyone worried about liquid restaking having unforeseen risks like Terra/Luna?

Investing in AI & Web3 via Generative Ventures
https://www.genventures.xyz/

Ex Chief Economist & CMO @Consensys

Unforeseen risks, yes most likely. 

Like Terra/Luna, no not all.

We're creating an algorithmic connection between the core currency of the network, ETH, and the validation of the projects on top via EigenLayer.

I agree that it's not the same math, but similar things are being tied together.

My primary concern is smart contract risk of rehypothecation.

My secondary concern -- Eigenglayer is creating multiple new applications backed by the endogenous asset of Ethereum. If those applications fail, what will be the effect on the stETH used to validate them? I can't tell clearly.

Terra created a stablecoin with backed by an endogenous asset and then promoted a highly unsustainable yield. I'm not sure how they are really in the same ballpark.

What do you think is the actual risk here?