Lately I've been looking at yield aggregators again, filling out the tables: the APY looks quite attractive, but when you break it down, you realize it’s about which contract the money is actually being sent to, whether there are permissions to modify strategies, if the yield is supported by other protocols, and most importantly, who the counterparty is (custodian/multisig/bridge/lending pool). Layer upon layer, it’s a bit exhausting to look at. Airdrop season also makes people more anxious; task platforms are anti-witchcraft + points systems, and yield farmers are competing like clocking in at work. As a result, many aggregators simply include “point rewards” into the annualized yield… to put it plainly, the numbers look better, but the risks are harder to calculate. Anyway, I’d rather have a lower APY now, as long as the contracts are simple and the exit paths are clear. Forget it, I won’t talk about this anymore; I’ll just finish filling out those permission items for a few platforms first.

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