Over the past couple of days, I’ve kept seeing screenshots of APY from a bunch of yield aggregators. They look pretty tempting, but I can’t stop feeling uneasy: behind those numbers, who is actually taking the counterparty side against you—who holds the contract permissions, and if you hit the emergency switch, can you actually get out… In plain terms, the yield isn’t free. A lot of the time, the risk is folded up and tucked away in some corner. Recently, testnet incentives and even the expectation of points have also been messing with people’s nerves. In the group, everyone keeps guessing every day whether the mainnet will issue tokens. I also get an itch to charge in, but then I think—what if it’s just feeding liquidity in exchange for some “maybe”? That gets tiring. Anyway, right now I care more about where the funds come from and whether I can withdraw at any time. I occasionally just glance at Gas; if it’s expensive, I take it as a way to cool myself down.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned