they are very lively at first but the high APY also means high risk. I think when DeFi got popular high APY we've seen a lot and they just end up disappearing without a word. It's a scary thing, I think the average ends up like that, but if they can be sustainable they're great.
The risk is too high. High apy means so many tokens will be generated in hourly even minutes basis. So, this will give impact to the price of token. You can take so many high APY tokens in the market about how it was growing down so fast after people are starting to get what they have been staking with non sense apy like that. Im sure that if anyone also aware about that too. SAFUU has become a scam token. This is just an example which is why I believe that we should be making sure that it is not just high APY that is due to high return which will make it high inflation, it should be high APY due to being new and lacking enough investors. That would be a much better situation to be in and give you a better return for a short period of time.
It sounds like a big complicated for me to understand your explanation above, it's quite clear the project itself mentioned once you invested 1k and you will get millions USD later. So, tokens being inflated. These APY will come to people who staked their tokens.
