> For the complete documentation index, see [llms.txt](https://docs.gage.cash/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.gage.cash/reference/risk-disclosure.md). # Risk disclosure {% hint style="warning" %} This page is being finalised. The points below bind now; the final text will replace this page before launch. {% endhint %} ## If you borrow * **If you miss the grace window, the lender keeps your collateral.** Expiry is a date and time. The grace window after it is the last chance to reclaim. Set reminders. * **Reclaiming needs the full cap in USDG in your wallet.** A reclaim cannot be part-funded or funded from the collateral. * **The collateral's price can fall.** If you walk away because it fell, the fall was real. Nothing on gage protects the value of the collateral itself. * **A Stock Token can be paused** around a corporate action. Deals keep advancing; withdrawals of that token wait. ## If you lend * **You may end up holding the collateral instead of USDG.** Your return is fixed only if the borrower reclaims. If they walk away, you hold the collateral at whatever it is worth then. * **Memes can go to zero.** If the borrower walks away, you hold it. * **Values on screen are estimates.** They come from a valuation service reading pools on the chain and say where they came from. The contracts never read a price. Pools can be thin and prices can move between your reading and your claim. * **Positions can be out of range.** A Uniswap position holds one asset while the price is outside its range. ## Rewards and tokens * **sGAGE rewards are estimates at pool price.** The pool price is set by buyers and sellers alone and moves. A reward's value when it unlocks can be very different from the estimate when the deal was funded. * **Rewards arrive locked.** They unlock on a curve and nothing releases them early. * **Weekly budgets run out.** A deal funded after a week's budget is gone earns no sGAGE. * **GAGE is a launch token** whose supply and market the protocol does not control. ## The contracts * **The contracts are immutable and unaudited until the audit is published.** Immutable means bugs cannot be patched. See [Audits and status](/protocol/status.md). * **Robinhood Chain has a single sequencer.** An outage can delay transactions. The grace window is sized for this, but no window is infinite. * **Nothing on gage is financial advice.** The interface shows facts and figures so you can decide. --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter: ``` GET https://docs.gage.cash/reference/risk-disclosure.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.