Recently, I've come across a bunch of "high APY" yield aggregators again. They look pretty tempting, but my first reaction isn't to jump in; it's to think: where exactly does this yield come from? Has the contract lent out my money? To whom? If something goes wrong, who's on the hook? Honestly, many times it's not just "earning interest," but more like stacking multiple layers of counterparties—if one layer blows up, everyone gets wiped out.

Plus, lately, the staking/token unlock calendar has been pulled out every day to talk about selling pressure. When everyone's sentiment tightens and liquidity thins out, those automatic rebalancing and auto-compounding in aggregators become easily affected by slippage and gas fees... Anyway, I’d rather earn a little less now than wake up in the middle of the night to find out "the strategy has been paused, handling an exception." That's how it is for now. I'm resigned.