Just now I came across a yield aggregator whose APY is pretty high, and my hands got a little itchy to jump in, but I still went and checked where it actually sends the funds. To put it simply, what you’re buying isn’t “high returns”—it’s a layered set of promises across multiple contracts: whether the underlying strategy contract has permission to move funds arbitrarily, who the counterparties are in the lending pools, whether there’s any cross-chain part involved… And once incidents like cross-chain bridges getting hacked happen again, you realize that “one more step” just means one more potential blast point. There are also those occasional oracle glitches—everyone in the group is shouting “wait for confirmation,” so I can only stay conservative and would rather earn a little less than let my position’s curve break. Anyway, when I see an exaggerated APY now, my first reaction isn’t to rush in—it’s to think: if something goes wrong, who will step in and cover it?

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