POLITBURO.

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Market and liquidity risk

Placeholder: volatile prices, thin or adversarial liquidity, slippage, MEV, stale quotes, route failure, token concentration, and the possibility of total loss.

Network and token risk

Placeholder: outages, congestion, forks, reorgs, finality, program vulnerabilities, mutable authorities, Token-2022 extensions, and malicious metadata.

Wallet and custody risk

Placeholder: distinguish external self-custody, embedded user-controlled, managed custodial, and watch-only products, including who can sign, recover, freeze, or move assets.