Over the past couple of days, I’ve been seeing yield aggregators slap APY on there like it’s running on cheats—I can already feel my hands itching… But when I cool off and think it through, it comes down to this: what you’re buying isn’t really “yield.” It’s a contract plus a whole chain of trapdoors involving all the counterparties. They toss your money into someone else’s pool, then stack layer after layer after layer—whichever contract gets written wrong, whichever pool gets farmed/drained, whichever permissions still have a backdoor left in them somewhere in the middle—at the end of the day, you may be the one who has to pay. Now everyone’s chatting about modularity, and when they talk about the DA layer, developers’ eyes light up, while users are completely confused—I’m basically the same. The newer the story, the more code there is, and the more elaborate the ways things can go wrong. Anyway, I’m just testing with a small position right now: I’ll first check whether the contract is some old familiar friend, whether the money flow is getting too convoluted—if it doesn’t look right, I’ll bail… FOMO can happen, but don’t hand everything over to just the two words “annualized.”