Recently, the APY of yield aggregators has started fluctuating again. The page makes it look pretty enticing, but once you click in, it’s basically just dumping your money into a chain of contracts, shuffling funds from left to right. Put simply, what you’re getting isn’t “high returns”—you’re taking on the contract risk and the counterparty risk for them: the pool gets drained, the strategy has a bug, the cross-chain bridge glitches, and in the end it all lands on the depositors.

Even more awkward is that with the current airdrop season plus a points-based system, task platforms are also running anti-abuse/anti-bot measures—and the people who rush for rewards are competing like it’s their day job… A lot of folks, for “points efficiency,” just shove their money into aggregators as buffer capital, like they’re trading sleep for KPIs. My approach is low-frequency: if I can understand the strategy, I’ll start with a small position to test the waters; if I can’t, I’ll just treat it as if I never saw it—missing out is fine. And if I truly want to chase that little bit of APY, I’d rather take a nap. Anyway, let’s not talk about this anymore.