Recently, I've been looking at a few yield aggregator pools again, and the APY on the page looks quite pleasing, but I always subconsciously click on the contract address to take a quick look: who exactly is the money going into, how is it being transferred, is there an admin who can change parameters with a single click... To put it simply, yields don't come out of nowhere; there is either contract risk or counterparty risk behind it, or both. Currently, people still like to compare on-chain yield products with RWA and US bond yields. I can understand the expectation of having a "decent anchor," but on-chain, there's often an extra layer: what you're actually buying is the process and permission structure. As for whether I trust data more or intuition... I lean a bit more toward trusting data, at least on-chain transfers, permissions, and historical incidents won't be acting out a show with you. Intuition is mostly just a reminder to "not be too greedy." That's all for now, taking it slow and watching.