These days, I keep seeing people arguing that "re-staking / sharing security is just a layered trap," but I think it reminds me of my previous experience with yield aggregators: what you see is a very appealing APY, but behind the scenes, there are actually multiple layers of contracts working for you, and there are counterparties involved. To put it simply, returns don't come out of nowhere; either you're taking on longer chain risks, or you're trusting that a platform's risk control and liquidation mechanisms won't make mistakes.



Right now, I see two main things with aggregators: which contracts the money actually goes into, and who takes the blame if something goes wrong (especially with those "auto-compounding + multi-strategy switching" setups). The compounded yields look great, but the more layers there are, the more I start to get suspicious... Anyway, I stick to my approach: try to understand what I can, take less risk if I can, and if I don't understand, just leave it alone and wait it out.
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