ETH Restaking Trade Turns Negative as Borrow Costs Overtake Yields

According to a tweet by Sentora, the DeFi leveraged ETH restaking carry trade has officially shifted into negative carry territory. What was previously a yield-enhancing strategy built on borrowing ETH to capture spreads from liquid staking (LSTs) and liquid restaking tokens (LRTs) is now structurally underwater. source: https://www.ethnews.com/eth-restaking-trade-turns-negative-as-borrow-costs-overtake-yields/