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..
Once I see that a project's apy is just too God to be true I don even bother myself with it. Because most times they just use it as a bait so that they can attract many other investors and at the end they will run away with investors funds.