I have been in the crypto world only since 2017 but am wondering if anyone else has felt a shift from FOMO (I don't have enough ETH) to FOMY- fear of missing yield on said ETH? 

https://www.reddit.com/r/ethfinance/comments/1bzjwc2/comment/kysiplb/?utm_source=share&utm_medium=web2x&context=3

Evmavericks#1306
Listening to Move D & r/ethfinance

I think that the points meta is driving a lot of the rates. More and more protocols and doing multiple seasons to keep interest high so they may be here to stay for a while.

Definitely.. do you think those crazy apr stop once degen layer airdrop or does this lays the path to a new form of ICO?

Yes I do. I keep staking more of my ether despite knowing that I should probably not. The FOMY is getting a better part of me.