I have been trying out Euphorias WAGMI staking and actually been making the apy the protocol promised (~2% per day). When I calculate 12 month profit even if the price of wagmi is reduced to $75 (currently $869.59) one would make approximately $100k (if you started with 1 wagmi).
What are the chances this protocol and others make it? Seems to good to be true, but maybe its because we all are early in the defi space?
I realise the apy will gradually be reduced but with compounding the rates are still insane.
Would be great to hear som thoughts about it!