Recently, I saw a bunch of yield aggregators advertising APY as if it were free money. Frankly, my first reaction wasn't "Wow," but "Who's taking on my risk here?" The chain of contracts, routing, permissions behind the APY, plus which pools or lending platforms they connect to—if the counterparty suddenly causes trouble, you'll just find yourself with a "reasonably" incurred loss. A few days ago, I also encountered a strange order filling, refreshing/retrying several times, and finally getting a "queueing" message... The trade went through, but the slippage felt like someone casually scraped a cut into it. Looking back at the route, I realized it was overly convoluted. Now, hardware wallets are out of stock, phishing links are everywhere, and everyone's security awareness has suddenly kicked in. But many people are hyper-vigilant about "clicking the wrong link," while remaining quite calm about "handing over their money to a series of strangers' contracts and counterparties." Anyway, when I look at aggregators now, I first check the contract permissions and exit paths. No matter how high the yield, I treat it as a trap with candy placed inside.

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