Recently, I’ve been looking at a few yield aggregators again. The APY on those pages really can make people’s hearts race, but I’ve gotten used to first checking which contracts the money is actually being sent to, whether there are any “auto-rebalancing” permissions, and most importantly: who is actually paying the yield. Especially now, when everyone is comparing RWA or even U.S. Treasury yields to on-chain yield products, I just want to be sure who the counterparty is and who will take the blame if something goes wrong. I later realized that many so-called “stable” yields are stable in how they’re presented, but not necessarily stable in the fund flow… So I’d rather earn a little less and diversify my positions. Only put more into what I understand, and treat the rest as tuition fees—just don’t let it be too expensive.