The day before yesterday, at $LDO 1.28, I responded to the brothers' questions. I made it very clear at that time: don't easily exit below 3u.

Some brothers asked me if I got off at $LDO , and my answer was always no! But you guys are a bit funny; a while ago when it surged to 1.6, you all disappeared in perfect harmony, and now that it's pulled back a bit, you start to panic and ask.

However, when you ask me, it’s just that you want me to give a suggestion. We entered at 0.96, so even if you run now, there's still nearly 30 points of profit. You could also set a cost to continue using these profits for better profit potential, though of course it’s also possible that there will be no profit left!

My stance is to not easily get off before 3u. Either take profit near 3u, or take a loss at cost, the reason is simple: When I chose to get on the bus, I was already betting on two logical points—

1. Staking is not a security
The SEC has hinted recently that staking services themselves are not considered securities, which is a huge benefit for the entire sector. If you look back, ETH staking is the foundation of Ethereum's security; if it were defined as a security, the entire ecosystem would face big problems. Since staking has passed the security check, the biggest beneficiaries are the leading players—Lido.

2. Market Share Monopolization
Lido accounts for over 30% of ETH staking share, with stETH circulating over 10 million pieces, corresponding to a scale of 30 billion USD. This scale is not something that can be casually shaken. Rocket Pool, Frax ETH, and others are chasing, but the gap is still a chasm. You could say Lido has centralization risks, but the reality is that it has already become the infrastructure layer of ETH and even affects network security.

3. The Trading Logic of LDO
Don't forget, LDO is essentially a high beta of ETH. Every time ETH strengthens, LDO often rises faster. In a bull market, this kind of protocol-level leader has volatility as an advantage. Moreover, its revenue model is very clear: taking 10% of staking rewards, the protocol's cash flow is real, it just hasn't fully reflected on the token yet. If it moves towards buybacks/destroying in the future, the valuation logic will switch directly.

So my attitude is very simple:
When I dared to get on at 0.96, I had no intention of getting off in the short term. For me, this is a long-term chip, not a short-term gamble. Lido has already become a part of ETH's financial infrastructure, and I would rather go through the bull market with it than keep messing around.