The coffee is cold again today. While I was staring at the screen, spacing out, I mindlessly clicked a returns aggregator. The APY looks pretty good, but my mind can’t help wandering to the contracts behind it and the counterparties—honestly, every time I see such high yields, my stomach drops. Lately, people keep saying that big transfers on-chain are “smart money” moving, but how much of it is really just exchange wallets consolidating funds, and how much is the project team moving coins? Who can say for sure. Anyway, I’ve been getting more and more cautious. I’d rather earn a bit less than wake up one day and find that someone slipped through the contract logic and even took my principal. I don’t know if it’s because I’m getting older, but it just feels like being steady and safe is better than everything else. That’s it for now—the coffee’s cold anyway, so I’ll go get a hot cup instead.

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