Perp LP Vaults

1. Venue & Protocol Risk

• Smart contract / code risk on the respective perp DEXs

• Matching engine or risk engine failures

• Governance or operational incidents at the venue

2. Market Risk

• Extreme price moves can lead to LP drawdowns if trader PnL is strongly positive against the pool.

• Changes in market structure can alter the long-term PnL profile of LPs.

3. Liquidity & Withdrawal

• Withdrawal speed and sizing depend on HLP/LLP/eLP/DLP liquidity and any venue-imposed constraints (e.g. cooldowns, queues).

• In stressed conditions, exiting a large position may take longer or be more costly.

4. Operational Risk

• Dependencies on off-chain infrastructure, monitoring systems, and any auxiliary components used by Axtior to run the strategy.