Just now, I was soaking some tea and browsing a few yield aggregators. The APY on the page looks pretty attractive, but I still prefer to click and see exactly where the money is being put... To put it simply, what you're buying isn't "yield," but contract logic plus a bunch of counterparty credit. The underlying is lending, so I'm worried about liquidation runs; in market making, impermanent loss is a concern; cross-chain/bridges are even more problematic—if something goes wrong, the button is still there, but the money might already be gone. Recently, funding rates have been extreme again, and in the group, people are arguing whether to reverse or keep squeezing the bubble. I actually want to slow down: the more exaggerated the rate, the more the on-chain "yield path" looks like it's being squeezed out, and it's not surprising if any segment breaks. Anyway, I’d rather earn a little less and be sure before making a move.