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A vocal Dogecoin community member has issued a stark warning to DOGE holders, cautioning them against putting their funds into “Earn” programs that promise yields on deposited Dogecoin. In an urgent post addressed to the Dogecoin community, Mishaboar stressed that any yield offered through these programs comes at a significant cost, often involving increased risk, loss of control, and exposure to centralized platforms.
Mishaboar strongly advises against getting involved with such “earn” programs, as the risks associated with them will always outweigh the short-term benefits for most users, except for insiders. He highlights that handing over custody of decentralized assets like Dogecoin places it in the hands of speculators and market makers.
At the time of writing, DOGE was up 0.19% in the last 24 hours to $0.17. Dogecoin has stabilized near $0.17, with a firm support establishing in the $0.166-$0.167 range.
Source: u.today
