Recently, I saw that the APY of yield aggregators is quite high again, and I almost pressed confirm but pulled back... To put it simply, that's not "free earnings." Who are the contracts behind the scenes involved in arbitrage, who is lending the money, and who is backing it up? If I don't understand it clearly, I just pretend I didn't see it. Last week, I looked into their routing, and found that in several hops, there was a "look like financial management but actually a counterparty promise" vibe. If something goes wrong at any point, the aggregator can only go down together. The inflation + studio + coin price spiral in blockchain games is pretty much the same—superficial prosperity, but underneath, it's all relay. Anyway, I still stick to my old habit: I’d rather keep my orders hanging until they expire than hand over my principal to an invisible hand.

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