Actually, everyone understands that the attractive APY in yield aggregators is mostly not "something dropped from the sky." Behind it, it's either a bunch of contracts nested within each other or counterparties holding the position. It's just that when the market heats up, people get lazy to look at the code... I do the same, at most opening it to take a quick look: where the money is actually transferred to, whether permissions can still be changed at will, and if there's an emergency exit.



Recently, NFT royalties have been causing a huge fuss, with one side saying they need to support creators, and the other saying liquidity is being stifled by taxes. Basically, just like the APY: where the yield/income comes from, in the end, someone has to pay the bill. Anyway, I'm now more concerned about "whether I can leave at any time," since the floor price can collapse, and don't expect the contracts to be soft-hearted. That's all for now, continuing to dive.
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