news 
A vocal Dogecoin community member, Mishaboar, has issued a crucial warning to the Dogecoin community, urging holders to exercise extreme caution when dealing with “Earn” programs that promise yield on deposited Dogecoin. In an X post, Mishaboar emphasized the importance of vigilance in the face of such schemes.
Mishaboar highlighted that any yield offered through these programs typically comes at a price, often manifesting as increased risk, loss of control, and exposure to centralized platforms. He cautioned that the associated risks will always outweigh the minuscule short-term benefits for most users, except possibly for insiders.
It is imperative for Dogecoin holders to be aware of these potential pitfalls and avoid giving up custody of their DOGE assets in exchange for “IOUs” (interoperable units). Mishaboar urged the community to maintain control over their decentralized asset and avoid the perils that come with such programs.
Source: u.today
