Recently, I came across a bunch of yield aggregator "annualized" rates again, looking quite attractive, but I instinctively think: where does this APY really come from? Is it genuinely working within the contract, or is it just pushing you into a pool as a counterparty liquidity... To put it simply, the small interest earned is often paid for with risk. I’ll take a quick look at contract permissions, upgrade switches, and fund flows; if I don’t understand it, I just ignore that yield.

Plus, recently, some regions have been tightening and loosening taxes and compliance rules, with deposit and withdrawal expectations constantly changing. When everyone’s emotions run high, they love chasing "high annualized rates." Anyway, it’s only when they can’t withdraw that they start reading the terms, which is quite reasonable (mild sarcasm). My own approach remains the same old routine: treat positions like potted plants, trim them occasionally, prefer to keep them lower and more stable, leaving some room to sleep peacefully.