Ask HN: Are Premium Domains a Scam? Getting charged $800/domain :(

I bought two "premium" domains standup.tech and saving.cash a year ago. They are due for renewal but are $800/pop.

I found some random registrar called bluehost and they said if I transfer these to my account with Bluehost, they will only be $49.99/year to renew.

Anyone know how I can get around this crazy fee? Is it set by Namecheap or the registry itself?