Stuck in traffic this morning to the point of questioning life, and my coffee has gone cold... I casually checked the blockchain and found everyone is again sharing screenshots of "a certain stablecoin losing its peg," and in the group chat, there's panic one moment and then complaints about regulation the next, emotions are faster than the market.

Now I mainly look at yield aggregators, and I don't focus on APY first; I check which contracts the money is actually being put into, who is custodianship, and whether I can withdraw at any time. To put it simply, APY is just a surface number; behind it are contract risks plus counterparty risks layered together. Even more stable ones can be affected if an upstream pool encounters issues. My approach remains the same: batch testing with small amounts, observing withdrawal speeds and historical incident records, confirming there are no traps before gradually increasing, no all-in bets, just sticking to this for now.