I’ve seen people show off the high-APY of yield aggregators again. Do you really think money is just blown in by the wind? If you think it through, the returns are all contract risk and counterparty game theory. You’re staring at that annualized figure—meanwhile, they’re staring at your principal. After recent bridge thefts and oracle abnormal pricing, they still say to “wait for confirmation” and reach consensus. In plain terms, when liquidity is drained, everything collapses—you don’t even have time to run. Anyway, I don’t believe in any “stable yields.” First, check whether the contracts have backdoors, and whether market makers are secretly unstaking collateral.