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

# Risks & Risk Framework

### Smart contract risk

All DeFi protocols carry smart contract risk. Despite audits and testing, contracts may contain undiscovered vulnerabilities. Unison also interacts with external protocols, each carrying their own smart contract risk. Users should assess their own risk tolerance and allocate accordingly.

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### Cross-chain risk

This risk applies only to cross-chain vaults. Unison moves capital across multiple chains using bridge and messaging infrastructure. This introduces bridge risk (token transfers depend on third-party bridge security) and messaging risk (cross-chain communication depends on the messaging provider). Positions are isolated per chain so a failure on one chain does not affect others.

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### Third-party risk

Vaults that hold tokenized real-world assets depend on third-party issuers and custodians to back those assets. If an issuer becomes insolvent, is sanctioned, or faces regulatory action, the value of those assets may be impaired.