Stored USDC in Navi's vault for a year, never experienced such high APR returns (47%+). This week, with three YBS stablecoins consecutively collapsing, the fear of fear itself drove yield farmers into a collective irrational state, triggering panic withdrawals and causing APRs across major DeFi lending protocols to skyrocket (mechanism-driven). But this herd effect likely won’t last long, as market attention is quickly shifting to the big altcoin rebound.