Wanting to compound lend USDC on crypto.com defi/onchain wallet - is this safe?

Could someone just explain - is it safe if a take a large majority of my crypto stablecoins and lend them at the 10% APY for USDC? Is this a stupid idea? Is it safer than staking ETH, for instance? I've staked for a long time but this will be my first time with compound lending, could someone please explain if this is risky?

Thanks.