Recently, I’ve seen a bunch of yield aggregators displaying APY figures that look like posters, the bigger the number, the more it seems to urge people to rush in. Frankly, APY is just superficial; what really matters is which contract is actually reinvesting behind the scenes, which pool the money is flowing into, whether borrowing and leverage are involved, and who holds the liquidation/pause switches—those are the things I’ll check first. Don’t overlook the counterparty either: if it’s a DEX pool, that’s one thing, but if it’s some “partner” doing market making or custody, I’d feel a bit uncomfortable.

Lately, AI agents and automated trading systems have also been quite popular. It feels like some are promoting “automatic strategy execution,” while others are scrutinizing “automatic signing that could just sign away your permissions.” My current approach is: first read the original text and permissions, then decide whether to try it out. If I find anything suspicious, I screenshot and save it—anyway, screenshots don’t cost gas… that’s how I do it for now.