Recently, I've been looking at a few yield aggregators again. The APY looks pretty attractive, but my first reaction now isn't "how much can I earn," but rather "how exactly is the contract moving the money around." Some of them are just putting your funds into other protocols to cycle around; if you don't pay attention to contract permissions, upgradeability, emergency withdrawal switches, etc., you'll be very passive in extreme market conditions. Not to mention counterparty risk—basically, you think it's trustless on-chain, but there's actually a layer of human judgment and operational risk involved. Then, on top of that, recent tightening of taxes and compliance policies in certain regions, along with unpredictable deposit and withdrawal expectations, make everyone more prone to chasing high APY when emotions run high... Anyway, I’d rather earn a bit less and first understand the pathways and who’s backing them, rather than get caught up in hype and empty promises.