Recently, someone asked me again whether yield aggregators are really worth it. Honestly, I’m not too worried about whether they can “calculate” high APYs; I care more about which contracts the money is actually being put into behind the APY, and whose counterparty is being eaten: is there really someone borrowing from the lending pool, or is it just layered rewards self-hyping... Watching a vinyl turntable spin smoothly, a needle jittering just causes noise.

And now, those on-chain data tools and address labels are criticized for being outdated or misleading, which I also strongly feel: looking at the dashboard, you might think “funds are smart,” but in reality, the labels might be out of date, or the paths are too convoluted to understand at all. Anyway, my own approach is very simple: only invest in strategies I understand, do small trial runs, prioritize those that can be withdrawn at any time, and don’t treat “automation” as “safety.”

What I fear missing the most isn’t actually the opportunity, but myself getting carried away someday and treating risk as background noise.