Currently there are many new Defi projects that provide extraordinary APY, we can get APY up to thousands of percent per year, this is a good opportunity to double money in a short time, this is what makes many staking projects that give thousands of percent easy success in the market.
even though it seems quite good but you also can't forget that the risk in the project is still very large especially the one that offers it is a new project like you said.
It doesn't matter if it's trustworthy, but as far as I know, what I've seen and experienced on average, new projects aren't really worth it for staking even though the profits are tremendous by offering thousands of percent APY every year.
Investment is still the main choice when compared to staking
In overall sense, staking is investing since you are putting up money for you to earn interest which is something a same idea when you do invest thats why it do really make out some
confusion for some on why it would really be needing to differentiate the two considering that it is really just totally the same.
Its true that there are lots of coins who do offer out that huge or too good to be true APY but to mind off that these rates do decline as the more users
do really tend to engage.Aside on talking about legitimacy then its one of the factors that should need to be consider to check out first.