I just closed that “Highest APY” page on the yield aggregator... The numbers look pretty tempting, but honestly, underneath it all, you’re really just putting money into whose contract, who’s borrowing, and who’s making the market. If I don’t keep an eye on it, I start to feel anxious. Especially with some routes that wind around and around—at the end of the day, it still comes down to eating someone else’s counterparty credit. If something goes wrong, it’s just “contract risk is on you.”

Lately, with chain games doing that kind of inflation plus studios aggressively minting tokens, the coin price spirals downward. The returns still look like they’re jumping, but it feels like the liquidity pool is already empty—too much like that. In any case, I’d rather earn a little less now and take the paths apart to look at them once, so at least I know exactly what I’m gambling on.