I muted the group, and my ears are much clearer, the K-line isn't so noisy anymore... In the past, a bunch of people kept flashing "certain aggregator annualized xx," and I got itchy. Now that I’ve calmed down, I realize that APY is basically just packaging a series of contracts and a bunch of counterparty risks to show you a result; who gets liquidated in the middle, who missed writing a contract, who had a bridge issue—all of it ultimately falls on your wallet.

Recently, the attention shift has started again with Meme + celebrity calls, chasing after the hype, and newcomers are chasing excitedly. I find it a bit exhausting to watch. Veteran players say not to take the last step, and honestly, it’s not just for show. Anyway, when I choose an aggregator now, I first look at where they’re actually putting the money, who holds the permissions, whether there’s an emergency switch if something goes wrong... It’s okay if the returns are a bit lower; I just want to sleep peacefully. That’s it for now, I’ll continue reviewing tonight.