Today I went to click on a yield aggregator again. The moment I saw the APY, my hand started itching. The next second, I sighed: behind that number, just how many layers of contracts are stacked, how many times have the pools been rotated, and who’s actually my counterparty on the other side… Plainly put, I’m not earning interest—I’m gambling that nothing goes off the rails along the route. Especially now, with stablecoin regulation in the group, reserve audits, and all kinds of screenshots of “about to depeg” being passed back and forth. I tell myself, “Don’t scare yourself,” yet I can’t help cutting my position a bit anyway—I'd rather make a little less than deal with a storyline where I get liquidated or have redemptions paused in the middle of the night, like some kind of “tough lesson” play-by-play. In any case, before I click to confirm, I’ll check where the funds really go, whether the contract is freshly written, and whether there are any strange permission switches… I’ll still get jittery, but at least I’ll be wrong with my eyes open. Let’s see again