Last night before bed, I saw someone showing off a yield aggregator with high APY again. To be honest, my first reaction wasn't excitement; I first checked which pools the money was put into, whether the contracts had upgrade paths, and who would cover the losses if strategies get liquidated. APY is often just a bundled price of "counterparty risk + contract risk," especially after stacking multiple protocols, you never know which layer the issue leaks from when something goes wrong. Recently, everyone has been talking about staking unlocks, token unlock schedules, and the anxiety over selling pressure. I also casually check whether the aggregator's holdings include assets that tend to fluctuate before and after unlocks... Anyway, I now prefer to go slower, earn a little less, rather than wake up one day to find I haven't received my earnings and my principal has gone traveling.

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