Last night, I came across a yield aggregator with a "very tempting" APY, and I almost clicked to invest… Later, out of curiosity, I opened the contract and routing, only to realize that it’s not just putting money into the same pool; it also involves lending, swapping, and re-mortgaging, with multiple counterparties. In other words, the returns aren’t coming out of nowhere, and the risks won’t automatically disappear.

What’s a bit frightening is that I almost connected my wallet on a page that looked very similar. Recently, phishing links have become ridiculously common, and with hardware wallets out of stock, people are starting to use hot wallets for convenience, making it too easy to fall for "just this once." Anyway, I now prefer to accept a lower APY and first clearly check the liquidation threshold, permissions, and who can move the funds before clicking confirm. Don’t pretend the risks aren’t there.