I just woke up and scrolled through on-chain data, and some aggregators’ APY almost made my eyes go blurry. Seeing a three-digit annualized return is really tempting, but when I calm down and think about those contract code and the schemes behind the counterparties, not every pool can withstand black swans. Anyway, I’ll first dig into contract audits and TVL, then check the fund flow, so I don’t get cut by a dull blade. Lately there’s been a lot of complaining about miners and MEV—fairness of the orderers is also a pitfall. Some meme coin pools look lively, but they might be all trap-and-snare bots inside. Forget it—I’ll only put my “bottom of the position” into what I already understand, and treat everything else as a pixel mini-drama to watch from the sidelines.