In r/Solana, a builder switches from liquid staking back to native staking, arguing the extra yield is not worth added smart-contract and derivative-token risk, especially after seeing major smart-contract exploits elsewhere.
went back to native staking after 6 months on liquid. here's my thinking
The MEV yield bump looked good on paper but a few things wore me down over time:
Smart contract risk bothered me more than I expected.
with liquid staking protocols your SOL gets locked inside a smart contract and you hold a derivative token that represents your position.
Hacker Mints $80 Million worth of Fake Stablecoins and Swaps Them For ETH
honestly the best part of going back to native is just not thinking about it.
no derivative token drama, no rebalancing, no "should I move to a different LST" every two weeks
I think there will be some kind of crisis related to all the synthetic everything at some point.
Like a BIG smart contract will break and it will cause a run on the actual asset somewhere and that will trigger a bunch of problems.
Had about 30 SOL split between jitoSOL and marinade.
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