You are probably giving too much credit to Near. Maybe give it more time before a a scammer builds an AMM and Yield Farming platform there.
Newbies are alsl complaining since they are still newbies. They do not know much and no newbie can navigate that easily even if it's on Near.
There are many established platforms on more popular chains. You just need to stay updated to their new pools for the highest APRs. Ref is giving out these high percentages as part of their marketing. They all go down sooner or later.
True that. I was part of the first farming pools that were launched on Ref Finance and since then the APYs have reduced. It's still high if you compare to other DeFi farms and pools though. But one major difference that Ref Finance has over other AMM on other chains is that the fees and tx finality has been unmatched thus far and that's the kind of experience we want to have in the DeFi space. I've not farmed on other chains like SushiSwap on ETH since I started doing so on Ref.
If there's going to be a tsunami of mediocre, scammy projects launching soon, it's most likely not going to be on NEAR Mainnet but on its L2 network called Aurora since devs can just deploy from ethereum without a code change (Aurora has its own EVM).