> For the complete documentation index, see [llms.txt](https://docs.cyclex.cc/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.cyclex.cc/risk-disclosures.md).

# Risk Disclosures

#### **Market and Liquidity**

Price volatility, divergence between secondary market prices and NAV, redemption windows, and limit controls may affect returns and user experience.

#### **Legal and Regulatory**

Changes in policies and enforcement may impact product availability, distribution, and transferability.

#### **Technical and Operational**

Risks include smart contract vulnerabilities, on-chain congestion, oracle failures, and defaults or failures of third parties (custody, audit, market making, outsourcing), potentially causing losses.

#### **Loss Risk**

Investments may result in partial or total loss of principal; not suitable for investors who cannot bear full loss.

#### **Historical Performance**

Past performance is not indicative of future results; the platform makes no promises or guarantees regarding returns or outcomes.

#### **Tax and Accounting**

Tax treatment varies by individual and jurisdiction; the platform does not provide tax or accounting advice—consult independent advisors.