There are other coins on the market with high stake rates of 20% APR and above.
There is no trustable and stable altcoin that had a high APR of 20%. Everything close to 10% annually is more than great, don't believe in fake statistics. Maybe you can get 20% of some coins, but without calculating inflation.
When you convert profit to fiat or Bitcoin, it is always much less than 20% and often be a negative amount.
I agree. The DeFI APR stuff is just way too risky due to all the bugs that get discovered and usually lead to loss of funds. I wouldn't do any staking that way.
There was a way 2 weeks ago to get 20% APR and that was to short the Dec 2021 futures for BTC. I think on FTX it had a 20% premium compared to spot. So if you got USD you could long spot BTC and short the futures and wait until Dec and close your hedge. 20% is pretty high, basically even higher than most credit card companies charge.