Pretty far off. Flash loans aren’t relevant here. No short-term high-interest loans collected into some longer-term instrument. People deposited to receive inc

Pretty far off. Flash loans aren’t relevant here. No short-term high-interest loans collected into some longer-term instrument. People deposited to receive incentives. They borrowed to receive incentives. That’s it. The APY was chosen arbitrarily. Nobody there underestimated default risk. Dumb place to stick your money FWIW.