Looking at the APY of the yield aggregator, my first reaction isn't "Wow," but rather to check what actions it has actually taken for me: which vault the money went into, which strategy contracts were called underneath, whether the collateral was re-staked or borrowed again; then see who the counterparty is, who is doing the liquidation, who is covering the risk. To put it simply, APY is just the result; the longer the process, the more points of failure, especially with cross-chain setups where one loose link can shake the entire chain.

Recently, I've also seen people complain about validator/miner earnings, MEV, and unfair ordering, and I kind of understand now. Many strategies are really just exploiting the "sequence" of transactions, and retail investors end up seeing increased slippage, fluctuating yields, and mistakenly think it's market volatility. Anyway, I now prefer to accept lower returns rather than hand over the security model to a bunch of contracts I can't understand like a puzzle... Sometimes it’s really frustrating; earning a little interest feels like walking a tightrope.