I just finished writing today’s interaction table, and the gas range has been adjusted for half a day too… to be honest, when I look at the APY of those yield aggregators, my first reaction isn’t tempted—it’s alert. 💰

Lately, what has the airdrop season turned into? The points system has been gamified like punching a clock at work, and anti-sybil detection is getting stricter and stricter. When you painstakingly interact with a contract, who is actually on the other side? How many audits are there? Are there any underlying risk exposures? Especially for those aggregators that take user funds and then re-stake them to earn interest—if you end up hitting a rug pull or the yield source is just an air token, then all that effort is just wasted.

My approach now is: when I run into a high-APY project, first read its underlying protocol whitepaper and check whether the yield comes from real borrowing demand or real DeFi scenarios. If it’s just stacking points and using newly issued coins to get by, then I’ll pass. Anyway, I’d rather be slower than everyone else in the grind than one day suddenly realize my principal is gone… (don’t ask—ask would just confirm I’ve lost money before)

Long-term thinking, I guess: you’ve got to protect your principal first, then figure out how to make money later. 🤷‍♀️

(I suddenly feel like this is the kind of “empty talk” literature, but at least writing it down reminds me not to get carried away.)