> ## Documentation Index
> Fetch the complete documentation index at: https://docs.cashmere.exchange/llms.txt
> Use this file to discover all available pages before exploring further.
# Risks
> What can go wrong when you use Goat LP. Read this before you deposit.
Goat LP is experimental. Use small amounts.
Providing liquidity can lose money even when the pool pays fees. Nothing in these docs or in the app is
financial advice, and no figure is a promise of future returns.
## The main ones
| 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 |
## Details
* 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.
* 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.
* 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.
* A permission on a position lets the allowed contract manage that position. Allow only the addresses on
[Contracts](/goat-lp/contracts), and stop automation when you no longer want it.
* [Allow for all positions](/goat-lp/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.
* 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.
* 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.
Questions or a problem to report: [contact@cashmere.exchange](mailto:contact@cashmere.exchange). For
vulnerabilities, see [Security](/goat-lp/security#report-a-vulnerability).
This documentation is built and hosted on [Mintlify](https://mintlify.com), a developer documentation platform.