Recently, I've been looking at the APY of yield aggregators again. To put it simply, those numbers don't mean "automatic earning," but rather a bunch of contracts stitched together, plus a bit of counterparty risk. When you deposit, the aggregator might then lend, market make, or stake your assets; if any part of that goes wrong, it's not just losing some interest—it's more complicated. Now I first check which protocols it interacts with, whether permissions are upgradeable, if there's an emergency pause, and whether I can "withdraw my funds at any time." Modular design and Layer 0 development narratives are popular among developers, but it's normal for users to be confused. After all, the ultimate risk still comes down to your one click to confirm. The current state is: waiting for confirmation, waiting for callbacks, waiting to think things through before pressing the button.