Lately, I’ve seen a lot of new L1/L2s throwing incentives to pump TVL, and old users are all complaining about “dig, withdraw, sell”... I used to be the same: the moment I saw a high APY figure, I rushed in, thinking “mining is all that matters.” Later I realized that the real bulk is all the contracts and counterparties behind the aggregator. New users may think “high returns = guaranteed profit,” but now I’ll first check the audit reports to see where the funds flow and how the protocol logic works. No matter how pretty the APY looks, if the contracts don’t have a solid foundation, I’m not going to mess around.