Lead · DeFi Fundamentals

The Same ETH, Used Twice: What Restaking Actually Re-Stakes, and Where the Risk Stacks Up

Restaking subjects the same principal to several independent sets of penalty rules at once — you're not just earning extra yield, you're carrying extra risk.

Mia Fontaine · August 29, 2026

Staking ETH to help validate Ethereum and earning base yield is something most people are already familiar with. But what if that same already-staked ETH could be "lent out again" to help secure other projects and earn additional yield on top? That's what Restaking sets out to do, and the market has already grown past $15 billion — but what it stacks isn't just yield, it's layer after layer of...

DeFi Fundamentals

Nobody Actually Lends You Anything: How Collateralized Debt Positions Mint Stablecoins Out of Your Own Assets

Every stablecoin a CDP lends you was negotiated between your own collateral...

DeFi Fundamentals

Would You Regret It the Day the Points Hit Zero? Ask Yourself This Before Farming a Points Program

A points program's most honest framing isn't 'how much could this earn in...

DeFi Fundamentals

Deciding Whether to Borrow Based on the Interest Rate Alone Might Mean You Missed an Entire Cost: How to Calculate Your Real Total Borrowing Cost

A 5% annual rate is a marketing line. 'Interest plus origination fee plus...