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The highest APY I ever saw was from a project called Pylon. They made a lot of promises but in the long run, the returns were unsustainable and just used to draw new investors in. Now I'm considering MAXX Finance, because it has better fundamentals as it is a tokenized CD with profits coming from validator nodes and withdrawal fees. It's supposed to have an APY of up to 80%, plus 10% if you get their free booster NFT. So my question to you is, what is the highest APY you have ever seen and what is the highest APY you are getting right now in DeFi?

As high as 800%+ i think but one thing to note is those apy don't last long before the project readjust the whole process, no sane with long term goal in mind will be able to sustain such ridiculous apy any ways.
Such apy are trap to lure new investors who are dreaming to make big returns in a short while but instead they get something different after few weeks of joining. It is better to not chase after project with high apy and just look for project with decent (sustainable) apy.

Celcius offered almost ponzi amount of APY before which is greater than 1000% but of course it decreases whenever the number of tokens staked increase. Most of the project offering insane APY are startup and they are doing this to attract investors to buy there tokens with a promised of huge return by holding and staking. In reality, this kind of huge APY will fail over time because it will cause an over supply that’s why many tokens always suffer huge dump after offering this kind of insane passive profit.

I never believe with the high APY that already offered by some platforms that made by scammers and labelled themselves as defi. I have ever seen some defi with thousands, hundreds thousands, or even millions percents of APY which didn't even make sense for me. I will try to mention some which have offered hundreds thousands or even millions APY just like darth finance.
This non sense platform was offering a non sense APY and it was a trap for all of them. You must aware that if this time big apy highly become a scam project

Wow, that's a lot of %. I know it attracts people like a mouse to cheese but you have to ask yourself before jumping in, where does the yield come from. On most yield farms the profit comes via depositing your LP token to get a governance token. Most of the time these governance token have no total suppy cap on them, so your high staking APY returns are inflated away. I think the 80% APY return is reasonable as long as it is clearly explained where exactly the returns are coming from. For example, if I invested in a gold mine that I knew had gold, I would reasonably expect that kind of return but I would not expect it lending BTC on AAVE. The way that MAXX gets its APY is from validator node profit sharing, inflation, early withdrawal fees, and token transaction fees when buying and selling the token. It's a sustainable system. Any project with high APY should be looked at with suspicion though, definitely.

People are willing to lose 10-50$, with a shittoken with thousand or million "APY". It's just a lottery, If you just lose 20$ nothing wrong and not gonna to cry because of that. But, while you have some luck.

You can get a jackpot with hunting a shittoken, that's why people who are chasing shittoken is always using a trash money. Meaning, the money they ready to throwing into a trashcan and hoping back become a jackpot.

They are not worth trying, better to stay away because you will not be able to gain roi let alone profit. A friend of mine join such high apy paying project but till now he is unable to regain his investment couple with the bear market condition the project could not sustain the high apy as a result they decrease it so low it will take years for stakers to regain their initial investment. You will only end up wasting money on such project.

Well, I guess that will always be the case with any investor that invested in a particular project just because of how much APY they are offering instead of what the project itself is offering. We understand that most of those APYs are just for attraction which will even be decreased and if the project doesn't have any value it offers, there goes your investment.

Exactly, that was what I was trying to say. Yield needs to be sustainable. That's why staking platforms like HEX, while it did make many people rich, have adjustable yield and may not be sustainable long term. MAXX has fixed yield and generates revenue from validator nodes, token transaction fees, and ecosystem DApp fees. So it's a major advancement over other staking platforms. Additionally, I should state that APY that comes from staking in POS blockchains comes from validator rewards, so it is part of securing the network and sustainable as long as TVL on the chain increases at a faster rate than the rate of inflation.

There is every sort of APY you can imagine around. Just for curiosity I searched for it right now, as I though the highest APY was 1000%, but for my surprise I've found an above 100,000% fixed APY project!

It's called Titano and I have no idea if it's still operational or not. Anyway, you shouldn't invest on it for obvious reasons, right? Even if you receive the APY as promised, you can expect the token is going to devalue on the same proportion. That is, if a currency pays 80% annually, it will devalue 80% annually or more...

Just for informational purposes, this is the official website:
https://titano.finance/

160-250% ? This is not enough, there were many projects that offered hundreds of thousands of percent, and of course these are all scams.

In general, in staking, if the APY is more than 10%, it is already considered an increased risk group. In my opinion, the most adequate and honest APYs that projects can offer are those that offer a rate in the range of 3-7%. Such pools are good as long-term partnerships and have strong fundamentals. All projects that offer tens of percent APY sooner or later come to a lower APY, they introduce floating interest and have a very large Impermanent Loss. All projects that offer hundreds and thousands of percent APY are more like ponzi schemes and work as long as there is a steady inflow of new cash from the outside.

Even if the project wants to provide a good amount of APY you cannot expect that to last for a long time if you are able to attract more users to stake the token and with more users the APY will drop considerably because the reward pool of tokens for anyone staking is constant but the number of users staking can be variable, so it moves accordingly.

As far as I am concerned, these are just traps for greedy people who are looking for quick profits. I usually will skip projects or any platform if their APY is unusually high, I don't want to waste time and money on such projects. I won't get any good sleep if I splurge on such high APY projects, I don't know what I will get from them but the possibility of losing money is high if we invest in them.

I have seen more than that, about 15k%+ on different staking platforms.  But the moment investors stake their token, the APY readjusts, the same thing as you stated.  The more people getting involved in the staking the lesser the APY it gives.  I think they have a fixed return annually and are shared among the participants.  So the more the participants involved in the staking the lesser its APY, and they did that to sustain the reward.

the APY readjusts because it will re-calculate the number of stakers. the more people are staking, your APY will decrease over time. but in my opinion, don't look for the %APY in selecting a project, much better if you can assess the longevity of the platform by checking their accomplishments and other things. because you won't get even your initial investments if the project will not survive.

You may be a bit surprised after see this but this APY was real lol https://docs.lanuna.finance/rebase-and-auto-staking/highest-fixed-1-822-684.19-apy

It was showing that almost 2 millions APY. This yield was coming from the tokens that already allocated to be divided to the buyers. I think that any project with very very big APY like this just another shit project.


How can a new project offering such non sense APY? the price was getting auto dumped to the bottom

APY on the Evmos project was very high last month. It was over 1000 as far as I remember. Currently around 400. The amount earned at a certain time of night every day is automatically added to your wallet. Of course, I don't know how long it can take so high apy.

Yes, it totally depends on the platform. Some DeFi platforms, mostly yield farms, have fluctuating APY, staking platforms like MAXX finance have static APY depending on the amount and time locked. There is a calculator on the website.

that's still so small compared with so many meme tokens that were offering millions of APY even that was making the project get inflated so fast caused by no volume but the supply that is still coming in the market is a lot compared with the liquidity.
That makes the price getting dumped so hard to the bottom. This is also making the project become a dead project in a few weeks later.
How stupid the millions APY scheme

Yes all these projects had these huge APY and the investors didn’t suspect a thing? Even the large lending platforms that got shut down recently.

People basically assumed all they gotta do is borrow money at like near 0% interest and get >10% guaranteed yields and they assumed nothing would go wrong. It’s crazy the amount of money that was lost due all these lending platforms due to Luna collapse.

To be fair, people using centralized and decentralized crypto lending platforms have to put up 200% of what they are borrowing. They do this because they often receive yield from borrowing and lending and it allows them to invest using extra funds that they feel are stored safely. The idea is that the initial loan will repay itself over time. Platforms like MAXX finance are not lending platforms, they derive revenue for their stakers from validator node profits, token transaction fees, and a suite of DeFi DApps. Staking platforms have lower risk, are easier, and have higher APY.

This scheme is stupid, but it works, and that's the saddest part. As long as there is a new batch of newcomers coming to the market who are looking for high interest rates, these projects will continue to proliferate and litter the crypto space. Then these same newcomers will accuse the crypto industry that everything here is a scam and fraud. There is no way to stop it, and who thinks that if you introduce regulation, everything will be different, he is wrong. Ponzi schemes in traditional finance, luring with great interest, are still flourishing and are not afraid of any regulation and criminal prosecution. Only education among newcomers and crypto investors and at least a basic knowledge of economics will help here.

I think 1000%+ APY is what I've seen to be the highest.

If you guys happen to have some supported coins at mycointainer (http://mycointainer.com/), check it out if you think that you'll be happy to look at the APY. They're not that much but they're acceptable and I think they're both the same in terms of staking and what they offer. Technically, there's more but I haven't dug up that much yet.