I just got curious again and opened a yield aggregator, and that APY on the homepage was flashing so brightly it hurt my eyes… To be honest, the numbers look good, but they’re just the entrance; the real risk is which contract your money is actually being sent to, and who is on the other side of the trade—that’s the real trap. Aggregators layer one on top of another, change routing, switch strategies—you think you’re earning interest, but in reality, you’re just providing liquidity to others, and if you hit extreme slippage, you’ll be instantly “locked in” with a “deposit experience card.”

Now I look at these things first by checking contract permissions, whether I can withdraw at any time, and how deep the underlying pools are—if not, I’d rather earn less.
The spiral of inflation plus studio dumping in blockchain games is actually quite similar: surface-level gains, but someone behind the scenes is trying to offload.
Anyway, I’m no longer the decision-maker, so if I can run, I’ll run.