Why is USDT/USDN staking APY so high?

WavesWaves
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self.Wavesplatform1m ago
I've been researching USDN and it seems to be a pretty solid stablecoin considering it survived the UST de-peg and the information I read on https://support.waves.exchange/en/articles/4376199-safety-and-security-aspects-of-usdn-staking#:~:text=USDN%20staking%20is%20much%20safer,with%20your%20funds%20or%20rewards. However the high APY has me a bit skeptical. I've been LP farming for a few months now and whenever I see an APY that seems too high there's usually some cause for concern after taking a deeper look at it. What are everyone's thoughts on the pair?