Risks

Risk	In one line
Divergence	A position is worth less than simply holding its tokens whenever the price has moved away from your entry, in either direction
Out of range	Outside your range the position holds one token and earns nothing
New software	Goat LP is new and its contracts may contain bugs that reviews missed
Keepers	Automated runs can be late, or not happen at all
Fast moves	An exit can fill past your level when the price jumps

Price and divergence

Divergence (impermanent loss) is final when you withdraw. Narrow ranges get a larger share of the swap fees while in range, and lose to divergence faster.
A position can show healthy fees and still lose money against holding once divergence and gas are counted. The analytics show the split.
Stock-token pools trade around the clock, but their outside price does not always update. When it does, the pool can jump to it at once, across a whole range.
In a thin pool one trade moves the price a lot. The minimum in the review is what protects you.

Smart contracts

Goat contracts can contain bugs that the internal reviews missed.
Contracts Goat LP did not write can fail too: Uniswap, Permit2, Revert Finance’s V3Utils, Chainlink feeds, every token and every v4 hook.
A token’s issuer can pause it or block transfers. Part of a position or its fees can then be stuck.

Automation and keepers

Runs are not guaranteed at your trigger price, or at all, while a keeper is offline or behind. In the first days after the opening, keepers are switched on in stages.
A compound or a move runs only when its fee covers the keeper’s gas with a margin, so a small position may see few runs or none.
A withdraw-only exit acts at the pool price when the trigger is seen, which in a fast move can be past your level. A short spike can trigger it, and the position stays closed if the price comes back.
A swap exit waits until the pool price agrees with the outside price, so it can act later.
Every move pays 0.15% plus a swap, and locks in the price change since the last one. A choppy price can trigger many moves.
When price sources are missing, stale or disagree, swap-based runs wait. Safety comes first, so a run you expected may not happen.

Permissions

A permission on a position lets the allowed contract manage that position. Allow only the addresses on Contracts, and stop automation when you no longer want it.
Allow for all positions covers every position of that Uniswap version in your wallet, now and later. Goat’s code acts only on positions with a Goat rule. On v3 its move limit and time between moves are kept by Goat’s system, not by the contract.

Hooks, taxes and odd tokens

A Uniswap v4 hook runs its own code on swaps and liquidity changes. It can change fees, take a share of swaps or block withdrawals for a while. A reviewed hook can still surprise.
Some pools keep a share of every swap for the hook. That share is not a fee to liquidity providers.
Some tokens tax transfers or refuse some addresses. Collecting or withdrawing them can fail or return less than shown.
A token can copy another token’s ticker. Goat LP marks these Not the original. Check the address.

Analytics and the chain

Numbers come from Goat LP’s own index and price rules. The index can fall behind and a rule can be wrong. Check important numbers against the chain.
APR and estimates describe the past. They are not forecasts.
Robinhood Chain is a young network. It can slow down, stop or reorganise recent blocks.
Use only app.cashmere.exchange. Whatever a page shows, what your wallet displays is what you sign.

The main ones