Every time I see those “highly attractive” annualized return numbers from yield aggregators, I get itchy. Mainly because my detective instinct kicks in: I want to see where exactly that APY is coming from—whether the contract is genuinely arbitraging, or if your money is being transferred around to other pools, along with an extra layer of permissions and counterparty risks. Honestly, the more hassle-free the aggregator is, the more I worry about whom I’m “paying the convenience tax” to. Recently, a lot of people have been watching large on-chain transfers and unusual movements in exchange hot and cold wallets, trying to spot smart money. I do look at those, but mostly as warning signals for “possible stories to come”: where the money came from, who handled it, whether there are strange whitelists/upgrades/emergency withdrawal switches. Anyway, my current habit is not to trust the yields outright. I first check the contract permissions and fund flow to understand what's going on. It’s okay to earn a little less—at least I won’t be providing material for others to write exit scam timelines.