Just saw a yield aggregator—the APY is stacked insanely high. I clicked in to dig into the contract and found the counterparty is a brand-new protocol, and its liquidity pools are only a few million US dollars. Honestly, behind this kind of high yield, the risk modelers have probably already mapped out the counterparty risk—if their contract has a bug or gets rugged, your principal just gets wiped out to zero.

Anyway, this year I’ve been scared off by the economic blowups from chain games: inflation, plus studios boosting volume, and the coin price spiraling downward. Looking back at those APYs now, it’s basically a “sucker/retail” harvester—cutting down retail “greens.”

Let it move slower—I’m the one who’s half a beat behind. I’ll check the code merge records and the governance proposals first before rushing in. No need to be in a hurry. Let’s be on the same page.