22% APY? That alone is already a red flag for me.
I remember Terra Luna with this one where they're giving I think 20% APY for those who put their coins into their project. Ending? Many lost their money when the project fell down because of just a simple hack or bug whatever it is.

Staking in general is a good thing because you will have the opportunity to get more coins on a yearly basis because your coins are basically being used to earn more coins. On the other hand, let's think of the annual interest that they're giving if it's realistic or not. That 22% alone isn't realistic for me because who will give 22% to investors and take note that "it's free". Don't fall for this traps of these kind of projects.

I'm also staking some altcoins, so I'm not against staking, but let's be considerate at least, and think if the amount of annual interest that they're giving is realistic or not.