@v647852w
Is restaking APY more sensitive to network activity spikes?
Yes, but in a more complex way.
Baseline Staking: Sensitive directly to Ethereum gas price spikes, which increase fee revenue.
Restaking: Its sensitivity is indirect. A network spike might benefit some AVSs (e.g., oracles, DEXs) but not others. The restaking APY is an average of these diverse AVS performances, making its response to network activity more nuanced and potentially more volatile.