Recently, I saw a bunch of screenshots of yield aggregators again, with APYs written very lively, but to be honest, that's not "interest falling from the sky." More often, you're just handing your money over to a series of contracts to do arbitrage, while also betting that the counterparty won't default, the oracle won't malfunction, and the strategy won't hit a mine. Even if the contracts are "automated," the responsibility doesn't automatically disappear.

Now I prefer to be a bit more cautious: I’ll first put a small amount into a new pool and run it for two days to see if there are any strange delays in withdrawal/redemption, and casually check the contract address and permissions (at least to confirm it’s not a strategy that can be changed at will). Earning a little less is okay, as long as I sleep soundly.

By the way, I recently thought of the social mining and fan token schemes—"attention is mining"... I always feel it’s similar to high APY: packaging risk as participation, everyone’s fixated on the numbers, and forget to ask, "Where does the money come from?" That’s all for now.