Lately, looking at the APY of yield aggregators, it increasingly feels like looking at a poster: big words, and behind it, a bunch of contract relationships and counterparties that basically rely on "trust." To put it simply, clicking to deposit is actually packaging permissions, routing, re-staking, lending, and all that together, and if any link in the chain has a problem, ultimately you’re the one paying the price. What's more annoying is that wallet pop-ups often just say "Authorize," with details hidden too deep, making accidental clicks too costly.

Recently, on-chain data tools and label systems have also been criticized for being laggy and misleading, so I no longer dare to just look at the "security score" on the dashboard. I prefer to quickly check the contract address, whether admin permissions can be changed, and which pool the funds actually went into.

Now I’ve instead set a smaller goal: not chasing the highest APY, but choosing the ones I can understand the path of, with smaller positions... As a result, I’ve stuck with this longer than the previous "all-in, rush to the top" approach, and I sleep more peacefully.