> For the complete documentation index, see [llms.txt](https://docs.hermetica.fi/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.hermetica.fi/hbtc/risk-disclosures.md).

# Risk Disclosures

This section outlines the **principal risks** associated with hBTC to support informed evaluation.

While the protocol is designed with systematic risk controls and transparency, participation involves exposure to infrastructure, smart contract, economic, operational, and general risks, which should be carefully reviewed prior to deployment of capital.

{% content-ref url="/pages/WtHhzwXa11oFH6zKBI8M" %}
[Infrastructure Risk](/hbtc/risk-disclosures/infrastructure-risk.md)
{% endcontent-ref %}

{% content-ref url="/pages/ZfgGa908DKoVvEUT6e5M" %}
[Smart Contract Risk](/hbtc/risk-disclosures/smart-contract-risk.md)
{% endcontent-ref %}

{% content-ref url="/pages/pjVxGPKEU4rYJXXMdRJq" %}
[Counterparty Risk](/hbtc/risk-disclosures/counterparty-risk.md)
{% endcontent-ref %}

{% content-ref url="/pages/F0TZy778tdHrEFjrFhzj" %}
[Market Risk](/hbtc/risk-disclosures/market-risk.md)
{% endcontent-ref %}

{% content-ref url="/pages/MR9TZPUtw5qkNyfQRUov" %}
[Operational Risk](/hbtc/risk-disclosures/operational-risk.md)
{% endcontent-ref %}

{% content-ref url="/pages/U6n3BtRWHs6uVknQpvRO" %}
[General Risk](/hbtc/risk-disclosures/general-risk.md)
{% endcontent-ref %}


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