Taking a break to check the yield aggregator, the APY looks pretty attractive, but my first reaction isn't "go for it," but rather to see which contract it actually deposits the money into and who the counterparty is. Honestly, what you're buying might not be "interest," but rather being linked to a series of upgradeable contracts, bridges, lending pools, and market-making positions—any one of which going wrong can't be recovered just by APY. Recently, everyone has been talking about staking unlocks, token unlock schedules, and the anxiety over selling pressure, and in fact, much of the "high yield" from these aggregators is related to liquidity migration. Once the hype cools down, you're left standing guard. Anyway, I now focus on permissions, fund flow, and exit paths—only those that can be withdrawn with a single click are worth risking more capital; otherwise, if you pull half your funds and find you can't withdraw, it would be embarrassing.

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