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Risks to be aware of
<b>Protocol risk<b>: DeFi protocols may have smart contract bugs, leading to loss of funds or withdrawal issues.
<b>Asset volatility</b>: Non-stablecoin products (like ETH or SOL) can fluctuate in price.
<b>LSD liquidity risk</b>: Some LSD products may be hard to redeem at full value if liquidity is low, or prices may deviate.
<b>Protocol risk<b>: DeFi protocols may have smart contract bugs, leading to loss of funds or withdrawal issues.
<b>Asset volatility</b>: Non-stablecoin products (like ETH or SOL) can fluctuate in price.
<b>LSD liquidity risk</b>: Some LSD products may be hard to redeem at full value if liquidity is low, or prices may deviate.
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How Bitget Wallet mitigates risks
Bitget Wallet picks top, secure, audited DeFi protocols to help manage risk.
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Understand your own risk tolerance
Risk tolerance refers to your personal comfort with taking on different types of risks when choosing crypto Earn products. It is important to choose only products that match your personal risk tolerance.
If you want <b>low risk and steady returns</b>, choose stablecoins (USDT, USDC) products.
If you can handle <b>slightly more risk for higher returns</b>, try LSDs or non-stablecoin products.