There is one important thing to know, good and potential projects always have potential partnerships, and sometimes they also have investor support from large companies.
Most of these Y defi projects are crap. After few months when this hype is over, we will see which of them are still standing. And usually, if they are saying not part of the project, high likely that they are part or somehow they will invest on the project. Are you willing to spend expensive gas fees for a project with no solid foundation? I don't know where they are coming from to target the value of $3.6 per token.