This is Bonk, he's a cute and chubby critter!! Sorta dog sorta monster, he's not sure what he is either and that's OK. He is what he is and he is confident and happy about it.
If his warning colors weren't already an indication of such, he is poisonous. His tissues and organs contain tetrodotoxin (a powerful neurotoxin more poisonous than cyanide, found in puffer fish, octopus, and other species). If you were to somehow get a hold of a cut of Bonk meat it would be bright yellow in coloration and taste sweet, similar to jellybeans (however you would not survive).