Recently, I've come across a bunch of posters for yield aggregators, constantly showing APY as if opening a blind box… But honestly, APY is just the outer layer of candy; the real focus is which contract the money is actually being sent to, who the counterparty is, and who takes the blame if something goes wrong. Yesterday, I casually clicked to check, and after that 0.03 ETH on-chain was sent into a strategy contract, it was broken down into several steps, finally ending up in a pool I’ve never heard of, and I thought, “Huh?” I thought about how now social mining and fan token schemes—those “attention is mining”—feel similar to high APY: both attention and returns can be packaged, but the risks never just disappear on their own. Anyway, I’m just treating it as a ticket for the experience now, trying to understand half of the contract logic, and not get carried away by the headlines.

ETH2.88%
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