I spent the whole afternoon browsing the APY rankings of all kinds of yield aggregators, and honestly, I’m a bit cross-eyed from staring at it. One pool shows 20%, and then another brand-new protocol dares to put 80%—but when you click in, the locked amount is still not even higher than what’s in my wallet…

There are just too many on-chain monitoring tools now. The moment a big holder moves, people interpret it as “smart money setting up a position,” but they might only be consolidating funds or switching wallets—there’s no strategy behind it. The ones who actually follow trades are more likely to be the one who gets hit by the last swing.

As for me, I’ll start by checking whether the contract has been audited, and then look at where the funds come from—whether it’s real staking or wash trading that’s basically left hand to right hand. With APY that’s ridiculously high, you still need to figure out who the counterparty is. Otherwise, if you end up losing your principal for the sake of earning three or five extra percentage points, who are you supposed to argue with?

Forget it—I’m not going in tonight. I’ll keep waiting and watching for now.