These days, someone sent me a screenshot of a yield aggregator, with the APY written as if it’s free money. I almost got tempted to jump in (but given my contrarian instincts, if I did, it probably would collapse). Later, I realized that staring at the numbers for a long time isn’t the point; what I should really look at is the contract address behind it, where the funds are actually being moved to, and who is paying the interest: is the contract genuinely doing work, or is the counterparty just “helping you make money”?

L2s are now also arguing about TPS, fees, and subsidies, which sounds lively, but once subsidies stop or bridges are blocked, that layer of “automation” in yield aggregators might just turn into “automatic scapegoating.”
Anyway, I don’t dare to fully commit my position; I’m testing with small amounts that I can withdraw at any time, so I don’t get too embarrassed if the value drops suddenly.