What is the highest APY you have ever seen on a project?

[RussiaUkraineTranslation]

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.

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[Xal0lex]

How stupid the millions APY scheme

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.

[batang_bitcoin]

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

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.

If you guys happen to have some supported coins at mycointainer, 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.