The successful Shapella fork has brought forth a mental shift in how users now interact with ETH and its Liquidity Staking Tokens (LSTs). The risk of not knowing when you could unstake your ETH is gone and now users can move freely (with some limits) between staked ETH that earns yields to secure the blockchain and unstaked ETH. This change in accessibility has substantially reduced the risk of staking ETH, turning staking yields into the de facto risk-free rate of holding ETH. This has subsequently reduced the risk of holding LSTs. While some of the protocols have yet to implement a redemption process, the success of the fork has reduced many users’ concerns and the deep liquidity pools for many LSTs means swapping back to ETH at a good rate is easily feasible.