Before looking at the funds, make sure you understand the rules. This time, we're talking about smart contract risks.
Common vulnerabilities include reentrancy, oracle manipulation, access control errors, and cross-chain bridge validation flaws.
When you see a new protocol offering returns significantly higher than similar ones, check whether it has been audited, whether the team is public, and whether the contract can be upgraded arbitrarily.
Ethereum, where $ETH is located, is one of the earliest public blockchains to support general-purpose smart contracts.