Recently, someone showed off high APYs from yield aggregators.

Honestly, I don’t get excited about this first; I check the contract permissions, who the funds are actually loaned to, and whether there are one-click upgrade/pause options.
Others think that just clicking a button means “auto-compounding passive income,” but in reality, you’re often handing over your principal to a series of contracts + strategies + counterparties bundled together, and when something goes wrong, you don’t even know who to hold accountable.

These days, the expectations of rate cuts and the dollar index are back in discussion.
Risk assets are rising and falling together, making it lively, but I care more about: when the market fluctuates, will the strategies in the aggregator be forced to rebalance, suffer from slippage, or even face liquidity withdrawal?
A high APY number doesn’t mean you can withdraw smoothly.
Anyway, I’d rather earn a little less than sleep soundly in the “invisible protocol stack.”
That’s all for now.