There are many projects asking investors to stake their tokens for APY but they collapsed later for example Midas, they offered 17% APY on USDC, the token went from 38$ to 0 and their swap feature is shut down..

I am just trying to warn you about Centralised Finance tokens and platforms, avoid taking big risks with CeFi Platforms.

APY can be tempting at times, powerful enough to make you turn your back on the vital parts of the project, do not compare APY of a CeFi project with others especially when the project is not that popular.

Now that we are even in a bear market, any projects offering high yield is a big red flag, this is not the time to focus on earning rewards.