Lately, I've been looking at the APY of yield aggregators, and I'm a bit overwhelmed... The page just shows a string of numbers, but behind the scenes, it's about how the contracts are written, who the money is actually lent to, and who covers the losses if something goes wrong. To put it simply, you're not buying "returns," you're trusting a bunch of contract logic and counterparties. Recently, people keep comparing RWA, US Treasury yields, and on-chain yield products—I get tempted too, but then I think about the extra layer of smart contracts and liquidation chains on the blockchain, and the risk profile is completely different. I'm tired but still hanging in there; for now, I only dare to try small positions, and the curve constantly outperforms everything else.