I just closed a yield aggregator's page... The APY looks pretty attractive, but my first reaction now isn't "go for it," but rather "who's really bleeding here?" Frankly, many times, aggregators aren't magic money-printing machines; they're just throwing your money into a bunch of contracts, flipping them around: underlying pool contract risks, routing contract permissions, upgrade switches, oracles, plus whether there's custody or whitelist counterparty, layer after layer. Even if you understand the APY, it doesn't mean you understand the pitfalls.

Recently, the airdrop season is back, and task platforms are making points as competitive as clocking in for work, with many "high yields" just propped up by points/rewards. Once the rewards stop, the true nature immediately shows. I now prefer slightly lower annualized returns and more diversified positions, at least I can sleep peacefully. Anyway, I’m not very bold; after one bad experience, I play it safe.