I've been lurking in the group for a long time, but I can't help but speak up... Recently, I've been seeing everyone posting about the APY of yield aggregators. My first reaction isn't "Wow, that's high," but rather "Where exactly are all these yields coming from?" In simple terms, APY is just surface-level shine; underneath, it's about how the contracts are written, how many transactions the funds have gone through, who the counterparties are taking the risk or borrowing, and who holds the liquidation and pause switches.

What's even funnier is that now, with AI Agents and automated trading narratives being hyped, everyone defaults to thinking "robots are smarter and safer." But the more on-chain interactions are automated, the more it’s like handing over the keys to someone you've never met to run errands... Sure, they run fast, but if they fall, they fall fast too. Anyway, when I look at yield aggregators now, I first check their permissions and the external protocols they depend on. No matter how tempting the yields, I won't get carried away. That's all for now.