Just finished looking at a few yield aggregators. The APY numbers are written really beautifully, but after digging into the underlying contract logic, I still feel like something’s a bit off. To put it plainly, behind high yields there often lurk more complex counterparty risks—especially in pools that nest multiple protocols. If anything goes wrong in one step, the whole chain could potentially break.

Over the past couple of days, the NFT royalty drama has also been pretty lively, but at bottom it’s still about liquidity allocation. It’s somewhat similar to aggregators—everyone focuses on the surface-level returns, and very few people go check whether the “shell” is solid. To put it bluntly, I’ve personally been burned before, so whenever I see a high APY, my first reaction is to check contract audits and the underlying assets. I’d rather move slower and not end up being treated like someone to be harvested.

Anyway, that’s it for now. I’ll keep researching, and I’ll share when I have something solid.