@v647852w
Are stress periods revealing larger volatility spreads?
Undoubtedly. Stress periods are precisely when the volatility spread between restaking and traditional staking would widen dramatically. In a calm market, both yields might trend steadily. However, during a period of network congestion, a market crash, or a high-profile slashing event, the restaking yield would experience much larger swings. The AVS reward components are highly sensitive to these stressors, while the base ETH yield is more resilient. This "volatility spread" is a direct measure of the incremental risk borne by restakers. Observing these periods in real-time will provide the most honest and impactful data on the true risk profile of restaking, revealing it to be a high-beta version of staking.
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