> ## Documentation Index
> Fetch the complete documentation index at: https://docs.ix.finance/llms.txt
> Use this file to discover all available pages before exploring further.

# Risk disclosures

> The material risks of participating in IX RWA. Read before investing.

Participating in IX RWA carries risk. This page summarizes the material risks in plain terms. It is informational and is **not** investment, legal, or tax advice.

<Warning>
  IX RWA is currently on **testnet**. Testnet tokens and figures have **no monetary value** and are for evaluation only.
</Warning>

## Key risks

<AccordionGroup>
  <Accordion title="Technology & smart-contract risk" icon="code">
    Smart contracts can contain bugs. Contracts are upgradeable, which introduces admin-key considerations until authority moves to multisig / governance. A third-party audit is a prerequisite for mainnet.
  </Accordion>

  <Accordion title="Asset & operational risk" icon="server">
    Returns depend on real compute being rented and operators performing. Utilization, hardware depreciation, downtime, and operator default can reduce or eliminate revenue.
  </Accordion>

  <Accordion title="Valuation & liquidity risk" icon="chart-line">
    Asset values and NAV can change. A secondary market (redemption / transfer) is on the roadmap and not yet live, so positions may not be exitable on demand.
  </Accordion>

  <Accordion title="Projections are not guarantees" icon="chart-simple">
    Yield and APY shown in the app are **model-based estimates** using utilization and fee assumptions. They are not promises of return; realized results may differ materially.
  </Accordion>

  <Accordion title="Regulatory risk" icon="scale-balanced">
    The regulatory treatment of tokenized real-world assets is evolving and varies by jurisdiction. Eligibility rules may apply at mainnet.
  </Accordion>

  <Accordion title="Custody & key risk" icon="key">
    IX RWA is non-custodial. If you lose access to your wallet, IX RWA cannot recover your funds or ownership.
  </Accordion>
</AccordionGroup>

## No advice

Nothing in this documentation is an offer, solicitation, or recommendation. Do your own research and consult qualified professionals before making financial decisions.