Recently, someone in the group shared a screenshot of high APY from a yield aggregator, and the atmosphere immediately heated up... I'll take a sip of coconut water to calm down. Frankly, APY doesn't fall from the sky; behind it, there are either layered smart contracts (permissions, upgrades, redemption paths all need to be checked), or counterparties borrowing your liquidity to do their work, and when problems arise, you might not be the first to know. The previous blockchain games with inflation + studio-generated output + coin price spirals are also "seemingly lucrative" yields feeding themselves; when it crashes, no one can escape. Anyway, I now prefer to earn less rather than blindly chase profits, and I want to understand who is actually using the money. Don't get too excited and treat risks as interest.

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