Recently, someone asked me again, "This yield aggregator APY is so high, can I rush in?"


My first reaction isn't to look at the numbers, but to click into the contract address and take a quick look:
Where exactly is the money going into, has your assets been swapped back and forth, and is the permission still in the hands of the project team?
In simple terms, what's behind the APY isn't magic, but contract risk plus counterparty risk, especially those that automatically "reinvest" for you with one click—when things go wrong, they'll also automatically send you out...

Now, to avoid impulsive orders, I've set a very simple habit for myself:
First, toss a little "wallet dust" to test run overnight, then the next day check if there are any strange permissions, or if there are inexplicably extra tokens or missing tokens;
Then, look into whether they rely on external lending or market-making to stack profits.
When I see celebrities shouting a few words, or meme hype rising and various "profit magic tools" popping up, I slow down even more.
Anyway, veteran players are advising newcomers not to take the last step.
I'm the type who picks up the floor prices—I'd rather pick slowly than become fuel.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin