Recently, I saw a bunch of screenshots of APYs from yield aggregators. The numbers look pretty good, but my first reaction now isn't "go for it," but rather: where exactly is this yield coming from, which contract is backing it, who can I turn to if something goes wrong... To put it simply, yield aggregators are often just packaging you with a series of contracts and counterparties. If any part of that chain has an issue, high APY doesn't mean anything.

By the way, in the community, there’s a pretty fierce debate about privacy coins and mixing services regarding compliance boundaries. I’m actually more wary of protocols that can't clearly explain their source or destination of funds, even if there are no technical issues. Tightening risk controls later on can be really uncomfortable.

Last night, I stared at on-chain transfers for too long, my eyes got really sore, and my neck stiffened... So today, I’ll keep my positions smaller, add only the parts I understand, and avoid pushing myself too hard.