Recently, I saw a bunch of yield aggregators claiming APYs that seem like free money. Frankly, my first thought isn't "how much can I earn," but "which contract is this yield coming from, and who is on the other side." Some put money into layered strategies, which might involve lending pools, market making, or even cross-chain bridges. Any hiccup in any of these links is not something you can just hit pause on.

Lately, people have also been talking about interest rate cuts, the US dollar index, and how risk assets rise and fall together... When emotions run high, it's easier to overlook that "contract risks can't be wiped out by macro positive news." My current habit is: when I see a high APY, I first take a screenshot and save it, then stay calm for a night. The next day, if I still want to go for it, I review the audits and fund flows. Otherwise, I just pretend I didn't see it—just doing it this way for now.