What is the best APY rate?

Good day, could you kindly elaborate on the concept of APY rate and provide some insights on what factors one should consider when determining the best APY rate for cryptocurrency investments? I'm particularly interested in understanding the nuances between high APY rates and potential risks associated with them, as well as any recommendations you might have for SAFE and lucrative options in the current market. Your expert opinion would be invaluable in guiding my decision-making process.