Recently, I looked at several more yield aggregators. The APY on the pages looks quite lively, but my first reaction isn't "Wow," but rather to click and see which contracts are involved and which pool the funds ultimately end up in... To put it simply, yields don't come out of nowhere; often, it's just replacing your straightforward path with a more complex one + an additional counterparty layer. The longer the path, the more blurred the issues of delay, fees, and who takes the blame if something goes wrong.

These days, Layer 2s are again competing over TPS, fees, and subsidies, arguing like they're grabbing the microphone. I think the more aggressive the subsidies, the more we should ask: Is the aggregator also taking advantage of this wave? Can they withdraw at any time, and have slippage and cross-chain bridge risks been accounted for when they do?

I'm still a believer in DeFi's open, modular approach, but I'm increasingly skeptical of the "seems very convenient" one-click buttons. I’ll start small, test with a small amount, and only add more once I can sleep peacefully.