Lately I’ve been looking at yield aggregators again—the APY flickering on the page looks pretty tempting, but let’s be real: it isn’t “air gains.” It’s about how the contracts route, which pools the money actually goes into, and who you’re countering as the other side. The more you aggregate, the easier it is to package up risk as well: whether permissions can be changed to adjust parameters, whether a strategy that goes wrong will get stuck, and if the underlying pools get squeezed by redemptions, whether you’re the last one out.

Just so happens that the main chain is about to upgrade/maintain, and everyone in the group is guessing whether the ecosystem will “move.” Instead, I’m first looking at on-chain congestion and active addresses—so that if a bridge gets clogged and gas spikes, you won’t even be able to get out. Now I’ve lowered my expectations: if I can reliably receive returns, that’s enough. Don’t let the words “annualized” lead you around… it’s actually more relaxed this way. That’s all for now.