I just saw someone post a screenshot of the APY from a yield aggregator as a record of achievement, and I couldn't help but twitch my mouth... What you're seeing is "annualized," but what might be written in the contract is "lending out your money / swapping it / then crossing chains," and if just one pool acts up, one permission isn't locked, or a cross-chain bridge gets hacked, you're not earning interest, you're just providing liquidity fuel for others.

To put it simply, there are only two things behind APY: whether the contract has traps, and whether the counterparty is reliable. After recent thefts involving cross-chain bridges, do you still dare to let the aggregator automatically cross-chain and reinvest? I really respect that. And that set of "waiting for confirmation" consensus after oracle price anomalies, it sounds stable, but in reality, it’s just everyone pretending to be dead until the chain can't rollback... Anyway, I now prefer to earn less rather than overlook permissions, redemption paths, and emergency pause mechanisms. Otherwise, no matter how high the returns are, it’s just a digital illusion.