I use Binance Earn mostly. It's the biggest and most trusted centralized exchange right now. That doesn't mean they will be at the top all the time but currently there is no bad signs for them.
You've said it right that they're a centralized exchange.
Yes, the trust is there by the people but you got to know that these centralized platforms have the full control to your keys and deposits. So, if you put on stake or earn feature of theirs your crypto.
You're aware of the term that they have the control on it and no matter what happens like having a bad faith then your deposit might be affected by it.
Sure you can get crazy amounts of interest in some of the decentralized systems but most of them are traps. You better win a few to lose all.
Well, this is true. They're showing tremendous gains and percentage and that's a red flag.