When it comes to yield aggregators, don’t just look at the APY—no matter how pretty the numbers are, the underlying contract and counterparty risk are the real main part. I’m just a regular user; I tried a few before, and found that the underlying protocols were underwhelming, and the aggregator itself didn’t have much in the way of firewalls either—once it rugs, it’s all over. Now I only dare to pick those where I can understand clearly what the underlying is, like Curve or Aave; at least then I know where the money is flowing, and the counterparty credit is clearer.

Recently, it’s been a back-and-forth among Layer2s—people tout TVL data, tout TPS. Anyway, I’m just a spectator. The more lively the cross-chain ecosystem gets, the easier it is for yield aggregators to pull shady tricks, but the risk also spreads out even more—low correlation doesn’t mean you can ignore it; you still need to confirm that the protocols on each chain are truly solid. Forget it—I’m using a position framework built around diversification, but I’ll never touch so-called shortcut routes that are hyped to the heavens.