Lately I've been looking at yield aggregators again, and that APY on the page looks pretty tempting, but I’ll ask first: is this yield actually generated by the contract itself, or is someone on the other side "padding" it out for you? Basically, the contract risk and counterparty risk are often packaged into a single number, and just clicking authorize is treated as default consent... I’m more of a short-term trader, but I really don’t dare to take shortcuts in these kinds of places.

And these days, Layer 2 is again arguing about TPS, fees, and subsidies, right? When the ecosystem subsidies kick in, many APYs look very attractive, but once the subsidies stop, it’s just a mess. My approach is pretty simple: first, take a sip of water and calm down, avoid complex strategies if possible, keep the position small, don’t rush in with high APY driven by emotions, because after a pullback, it’s easy to get reckless and do stupid things. That’s it for now.