The third time being dazzled by the APY from the yield aggregator… The numbers look tempting, but then I realize: behind this thing, it's not "yield," but a layered contract wrapped in layers, plus the counterparties from lending/market making/cross-chain that stack up together. To put it simply, you're buying a set of assumptions: the contract won't have bugs, the price feeds won't go haywire, the bridges won't get stuck, liquidity won't suddenly withdraw.

Right now, I mainly do small, multiple tests, first go through a round of withdrawal and then decide, better to be slow. And then there are those rewards that rely entirely on token issuance, which look just like the inflation + studio manipulation in chain games, eventually causing the token price to spiral, and no matter how high the APY is, it's just a numbers game… Anyway, I care more about whether I can safely bring my principal back home.