Looking at the APY numbers on the yield aggregator, my first reaction isn't "how much can I earn," but rather "where is the money being transferred to and who is dealing with it"… The contract layers one after another, aggregator → strategy contract → external pools/lending, and ultimately who the counterparty is, really depends on whether you have the patience to trace the entire path. Seeing high APY makes me itch, but I'm more afraid of those "temporary authorization + upgradable contracts," where changing parameters can leave you frozen.



Recently, someone was complaining about the lag in on-chain data tools and tagging systems, and I’m a bit behind too… I don’t usually trust tags much; I prefer to watch transfers myself and see how the same addresses are connected. Anyway, first check the contract permissions, then look at the fund flow, and treat APY as just noise.
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