can someone who understands this much better than me show me how restaking doesn't totally turn a decentralized system into a fragile one vulnerable to cascading risk

ceo @ helius.dev, host @ lightspeed, ex coinbase — wartime shitposter

The long and short of it is that restaking is not the same as rehypothecation. Rehypothecation makes you vulnerable to market risk, which is an exogenous risk that you can't control. Slashing is an endogenous risk, it's 100% in your control not to sign two blocks at the same height.

Software Engineer @ Cadence Design Systems. B4: Stanford EE / Illinois ECE

This is a good answer. Bankless had the eigenlayer founder on a show recently and he discussed this exactly, if you want to check it out. I had my same hesitations initially, though.