I just saw an aggregator with an APY that’s unbelievably high, so I went ahead and checked the contract as usual. Sure enough, it has hook permissions— it can change strategies anytime. To be honest, a lot of the so-called “yield optimization” is basically betting that the counterparty won’t have issues, or betting that you can exit fast enough. Contract upgrade permissions, reliance on oracles, and the depth of the underlying protocol liquidity pool—if any link goes wrong, no matter how good the APY looks on paper, it’s still just paper wealth.

Lately, the hardware wallets have been out of stock, and a lot of people have been asking, “Is it okay to keep funds on an exchange?” I personally wouldn’t dare. There have also been a ton of phishing links lately— in the groups, you can get authorization requests just by clicking some “airdrop” link at random. Don’t mess up your mnemonic phrase—that’s the real hard rule.

As for trading, in the end it’s practicing with your own “greed” and “laziness.” Stop always thinking about “beating” the market—learn how not to step into traps first. That’s more important than anything else.