I just looked through a few more yield aggregator pages again, and the APY looks quite impressive, but the more I look, the more it seems like stacking a bunch of "trust me" promises: whether the smart contract is well-written is one layer, and whether the counterparty (lending pools, market makers, re-staking pools) is stable is another layer. To put it simply, you're not buying interest, you're buying a series of promises.

Not long ago, when the cross-chain bridge was hacked, I now have a reflex when I see "cross-chain + high yield"; and during the oracle anomaly, everyone was shouting "wait for confirmation," but really it’s just fear that the price/feed update might wipe out the position. Today I turned off the auto-compound, accepting a lower yield for more peace of mind… that’s all for now.