I just came across another yield aggregator. The APY on it looks pretty high, but when I checked the contract, it’s still nested plus an opaque counterparty. Honestly, my first reaction to projects like this is, “Where exactly is the trap buried?”

I’ve been watching a few DAOs before, and I’ve seen enough—those so-called high yields are often just betting with users’ principal. Once the underlying protocol breaks, it’s all for nothing.

Recently, the NFT space is still arguing about royalties and liquidity. To put it plainly, it’s the same logic: creators want to take more, while the market wants to rotate faster—either way, it’s a tug-of-war between interests.

Forget it—plainly speaking, it’s just like these aggregators for me: don’t just look at the surface numbers. Whether the contract code and the counterparty are clear is what really matters. In any case, as some kind of fringe player, I prefer to watch from the sidelines while keeping myself safe first.