Geofencing location rules with do tend to use a lot of battery with most apps. This can sometimes be mitigated to a degree with various ways of doing it, though usually at a cost of accuracy. It can be a hard thing to balance.
I don’t know what Wyze has set for their polling frequency and latency and accuracy are.
I started a discussion on this subject a while ago here:
It looks like Google has been making a lot of headway on this issue to limit battery drain from location permissions over the years, but I am not sure how much iOS has done to keep up since I mostly read about the issue on the Android side of things. What I can tell you is that background location use does cause significant battery use in general.