These days, as I browse the APY of yield aggregators, I keep thinking it’s like the small print on the back of snack packaging: they all look similar, but once you actually taste it, you realize how complex the ingredients are. On the surface, it’s “helping you automatically reinvest,” but behind the scenes, it’s actually a bunch of contracts nested within contracts, plus counterparties (bridges, market makers, lending pools, even custodians). The risks layer on top of each other, and honestly, the small interest earned sometimes ends up covering the tail risk for others. Recently, the community has been arguing whether privacy coins/mixing coins count as crossing the line or not. I find myself quite divided on that… but for myself, it’s simple: I don’t want my funds to get stuck in some route just because of a “regulatory boundary” comment someday. I’m tired but still here, so I’ll start by choosing the ones I can understand, can withdraw from at any time, and have shorter on-chain paths. I’ll take my time to nibble away.

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