This is not a good way to earn interest. Basically you need to own the underlying and what happens if it loses 99% of its value? There are way too many scam tokens out there which promise 100% APY to get people to buy them and then they lose all their value. Compared to the two I rather just keep it inside a bank earning nothing rather than lose 99% value.
If you want to stake do ETH or lend your stablecoins on a regulated exchange. Use 2fa and white listed addresses and be smart about security. Much better than the token he mentioned.
Yes, it is much better than the token the OP mentioned. I think it's a good idea to weigh the possible downsides instead of constantly thinking about the gains for tokens that never prove future potential. Stablecoins and some of the top altcoin right now are great options to staking on, but we also have to weigh the risks.
At the bank, of course we can do it with much less risk but also with small interest. So being smart is expected especially when it involves money in risky things.