Recently, someone threw a screenshot of the APY from a yield aggregator in my face, honestly that string of numbers looks like a "Today's Special" sign at a restaurant entrance, only to find out it's a set meal with additional service fees. Aggregators are indeed convenient, but now I first check what contracts they’ve adjusted, who holds the permissions, and where the yields are "moved" from—whether it's protocol rewards, lending interest spreads, or backed by a market maker/ counterparty. If the latter has an issue, no matter how high the APY is, it’s like a paper life buoy.

Recently, Layer 2s comparing TPS, fees, and subsidies have been quite noisy. When subsidies are high, aggregators seem more attractive, but I assume that’s a "limited-time discount," and not to mistake short-term gains for long-term stability. Anyway, I’d rather earn a little less and keep more options in my strategy, so I can sleep more peacefully.