@joule

A "rug pull" refers to a type of scam in decentralized finance (DeFi) where developers create a seemingly legitimate project, attract investors, and then suddenly withdraw all of the liquidity or funds from the pool, leaving investors with worthless tokens. This typically happens in projects with little transparency, no auditing, and a lack of community involvement. To protect themselves, investors should conduct thorough research (e.g., check if the smart contract has been audited, review the team's background, and gauge community trust). It’s also important to avoid projects with anonymous developers or unclear tokenomics. Lastly, using reputable platforms with a history of security can help mitigate the risk of falling victim to a rug pull.

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