Walking along the beach and coming back to see someone posting their APY from a yield aggregator, the numbers look quite beautiful, but what immediately jumps into my mind is not "making money," but: who is actually bearing the risk of this yield? How is the contract written, who has the permissions, is the underlying strategy actually just a different disguise for someone else's risk... To put it simply, APY is just the surface wave. Recently, on-chain data tools and tagging systems have also been criticized for being laggy or misleading, and I dare not just rely on tags for reassurance. Often, I need to click into the contract and analyze the flow of funds myself. Anyway, my current approach is somewhat like a "backup" strategy: I don't put all my money into a single strategy, preferring to accept slightly lower yields and leave myself some redundancy, so that if something goes wrong, the whole plan doesn't collapse.