> For the complete documentation index, see [llms.txt](https://l4va-team.gitbook.io/l4va-docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://l4va-team.gitbook.io/l4va-docs/l4va-protocol/risks.md).

# Risks

Risks include:

* Smart contract risk
* Governance risk
* Liquidity risk
* Market volatility
* Regulatory uncertainty

Users assume full responsibility. 

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