Over the past two days, someone has sent me screenshots of their yield aggregator again. The APY looks pretty enticing, but I instinctively start by clicking into the contract address to check a few things: where exactly is the money going—into which pool? Is the authorization basically one-and-done? Is the strategy stacked up by borrowing and re-borrowing… In plain terms, APY isn’t given for free; behind it is either contract risk or counterparty risk. If something goes wrong, you won’t even know who to go looking for.

I’m once again a bit slow catching up with that Meme wave. I didn’t realize it until the group chat was arguing up a storm—I only then saw that everyone was scrambling for the very last round of attention. The old players advise newcomers not to get involved, and I can only nod along. In any case, I only do liquidity that I can actually understand—if I miss out, then I miss out. If I manage to make a bit of profit, I’ll treat myself to a coffee. That’s it for now.