Recently checking the APY of yield aggregator platforms, it feels like that kind of fake liquidity in the market where they "appear very thick but withdraw with a single tap"... The numbers look pretty good, but frankly, I want to know where the money is actually routed, whether the contracts can be upgraded at will, and who the counterparty is if something goes wrong. No matter how high the APY is, if the underlying is relying on borrowed liquidity stacking up, a little volatility can easily cause a chain reaction of slippage. Currently, there's still debate about rate cut expectations, with the dollar index rising and falling together with risk assets. I don't rely on macro conclusions; I only look at signals: whether the source of yield is single, whether the slippage/delay upon exit suddenly increases, and whether key addresses show abnormal withdrawals. Short-term trading is possible, but don’t take the "display page" as a sense of security.