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Recently, people are again showing off the APY of yield aggregators.
My first reaction isn't "sounds good," but to check which contracts are actually linked underneath and who the money is transferred to.
Honestly, clicking "Deposit" might be authorizing multiple layers of agents, ultimately ending up in a certain strategy contract/liquidity pool/lending position, and any issue at any layer is on you.
Not to mention counterparty risk: either a chain explosion or those "operators suspend withdrawals first and then explain slowly."
Now phishing links are rampant again, hardware wallets are out of stock, and as a result, more people are daring to click on links... I really can't believe it.
Whether you can actually get your yield is one thing; once you give authorization, having your wallet emptied is another.
I'm not that grand about "long-term" either; if I can get through a quarter without any issues, I can still sleep well—that's considered long-term.
Changing strategies three times in two weeks, with contract addresses like changing disguises, don't talk to me about long-term compound interest—first clean up the permissions.