Most DeFi users are still farming APY instead of managing risk - and it’s a mistake
After years in DeFi I’ve noticed one recurring pattern: the majority of users chase the highest APY without any regard for risk, impermanent loss, smart contract exposure or liquidity depth.
They put six figures into some new farm, get rekt by a rug, exploit or 90% drawdown, and then disappear until the next shiny pool appears.
Real edge in 2026 comes from conservative position sizing, understanding protocol risks, and focusing on sustainable yield rather than chasing 100%+ APY that usually lasts two weeks.
I keep my DeFi exposure to protocols with proven track records, audited code, and re