To avoid fake token airdrops, never interact with unsolicited tokens that appear in your wallet. Do not attempt to sell or swap them, as this often triggers a malicious smart contract that can drain your assets. Instead, use a wallet's "hide token" feature to ignore them. Only engage with airdrops you have actively qualified for through verified, official project channels. Treat any unexpected token as a potential scam.
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How do LST supply elasticities influence restaking collapse risk? LST supply elasticity—the ease with which new tokens can be minted or redeemed—profoundly influences collapse risk. An inelastic supply (e.g., due to long unbonding periods or minting caps) creates a dangerous scenario during a panic. If demand crashes, the price can free-fall because the supply cannot quickly contract to meet the new equilibrium. This is the de-peg scenario. A more elastic supply, where redemption is quick and frictionless, allows supply to shrink rapidly as users exit, helping to stabilize the price closer to NAV. Therefore, LSTs with rigid, slow redemption mechanisms inherently carry higher collapse risk in a crisis, as they cannot efficiently arbitrage their own de-peg, turning a sell-off into a rout.
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How do LST supply elasticities influence restaking collapse risk? LST supply elasticity—the ease with which it can be minted or redeemed—profoundly influences collapse risk. An LST with instant minting but a delayed redemption (like stETH) creates a dangerous asymmetry. During a bull market, supply can expand rapidly, fueling leverage. During a panic, however, the redemption delay acts as a valve that is stuck closed. The supply cannot contract quickly enough to meet demand for exits, so the price must fall drastically below the NAV to clear the market. This inelastic supply on the way down turns a sell-off into a crash. A more elastic supply, with faster redemptions, would allow for a more orderly contraction of the system.
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