Lately I've been looking at yield aggregators again, and that APY on the page really makes people itchy, but honestly, it's not "interest" behind it—it's a string of contracts being assembled and where the funds are ultimately being used to match with whom. Going one layer deeper adds another potential point of failure: authorization not being revoked, strategy contracts being upgraded, underlying pools being drained, liquidation parameters being changed... They all seem quiet most of the time, but when something happens, it all erupts. In the group these days, there's been talk about stablecoin regulation, reserve audits, and various rumors of "de-pegging," and as soon as people's emotions rise, they start looking for higher APY as comfort. Actually, I tend to slow down instead, practicing not to be impulsive: to see clearly where the funds finally end up, whether I can withdraw at any time, and whether I can sleep soundly in the worst case. Anyway, I’d rather earn less than buy anxiety with "high returns."