All these altcoins and platforms that offer very high APY's are not sustainable and will either lower them dramatically or just become a scam . I prefer a "lower" APY like 50 or 60% but that you know is sustainable in the long term.
Good projects only give realistic APY but if any other coin gives high APY then you have to be careful because it only attracts interest from highest APY staking influence, so I think coins from gambling don't offer high APY. The most important advice is never to be attracted to high APY because basically it is not a stable coin and tends to decrease in price so there is no profit impact from staking.
Indeed, but if a memecoin/shitcoin is giving out crazy APY of 1000% or more, it always sounds a bit appealing. And if you get in early in such projects and cash in on time, you can make a serious profit. Never worked for me though lol, so that's why I prefer more 'serious' projects with lower APY.
There are many serious and reliable projects in the market that we could invest in and have rest of mind but sometimes we might think that it many not give us a good return especially when you take a look at staking them. Many of those good projects always have low returns and APY when you stake them because they are very reliable with good team but because many of use are looking for projects with high APY, we do ignore them and go for something that looks very cheap with lots of promises and plans.