Recently, I was browsing the "High APY" page of yield aggregators again, and honestly, those numbers are like the signboards at the entrance of an archive, whether they are bright or not doesn't mean there are no traps inside.


Clicking in to take a look, it's often not a single strategy, but layered with multiple contract authorizations, lending pools, re-staking, and other counterparties, any problem in one link could turn the yield into a story.
Now sharing security and yield stacking are being criticized as "nested dolls," which I can also understand— the more layers, the less it relies on the market, and more on everyone just not running away first.
Last night, I also encountered a withdrawal that required refreshing and retrying, waiting in line for half a day, and my mindset immediately became clear: whether I can make money is secondary, I first need to think about whether I can sleep well in the worst case.
Anyway, I now prefer a lower yield with a clearer structure.
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