Most carbide drill bits are designed to drill abrasive materials such as circuit boards, fiberglass and in production drilling of filled plastic and aluminum (which can be surprisingly abrasive, think aluminum oxide sand paper). The geometry of most of these bits are aggressive for soft materials and are too weak to work well in steel or hardened steel.
Then there are carbide tip masonry bits, which are quite blunt because any cutting edge would be lost quickly, but steel would be abraded away to nothing quickly in concrete. They make ugly holes because they aren't designed to cut a chip. Your hole will not be round and your burr will be nasty, it isn't the right tool but it will work.
There are carbide drill bits designed for hardened steel, but they are not common. They are thick with straight flutes. They are expensive, they don't last particularly long or cut particularly well, but they are necessary when drilling hardened steel.
There is no good reason to resort to carbide for unhardened steel, and they are not forgiving in use. I have never heard of D2 coming from anywhere that wasn't spheroid annealed (soft). I'm pretty sure you're work hardening it. If you're getting any chatter, the hammering will do it in a hurry. The way to prevent both is to feed harder. You have to lean into a 1/4" bit when drilling something like D2 or stainless.