DeFi

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

Yep, worried everyone's greed is gonna lead to the same mistake

Content at /zerion Safary 🦁 member.  KB ∞. Memecoin  ̶e̶n̶j̶o̶y̶o̶o̶r̶ masochist.

A bunch of the protocols rug-pulling the LRT liquidity and selling it 

Agree with you there's not the mathematical connection, just the counterparty and hacking risk of layering on smart contacts

But how? 

As in any algo coin, there was a death spiral: depegged UST was redeemed for Luna -> Luna was sold -> Luna price dropped -> more Luna was minted for each UST.

Is there any similar risk in restaking? 

I certainly worry about it thou. There ain't no free yield.