Liquidity swap APY / will I loose?

So I have a few 000 doge and a small amount of BTC sat on Binance not doing much right now, they are both destined to be held for a very long time but the earn APY for both at the moment is pretty low... Which got me thinking about liquidity swap which offers 10+% APY but...

I can't find much consistent about the risks - will I loose any of my crypto if I place a pair in? Will I actually make something like the 10+% for the period? Am I just late to the game with this or why is everyone else not offering up liquidity for what seems high APY?

Thanks for any advice or experience in advance.