Recent exposure to a bunch of "high APY" yield aggregators, honestly I'm a bit tired but still watching... Because behind the APY numbers, it's often not "money falling from the sky," but the contract lending out your tokens again, swapping pools, stacking multiple layers, and in the end, it's not always clear who your actual counterparty is. The fee rates look attractive, but when you encounter slippage + impermanent loss stacking up, it effectively becomes "risk for a screenshot."

I now have a habit: first check which contracts the money has entered, whether there are upgrade permissions, and if the exit path is smooth (so you don't have to queue to unlock when withdrawing). Recently, with news of increased taxes / tighter compliance in some places, everyone's expectations for deposits and withdrawals have become more sensitive. The more sensitive, the easier it is to chase "high yield compensation," which ironically makes it easier to fall into traps. Anyway, I prefer to earn less, at least knowing which waters I am sailing in.