Union Protocol (v2)
  • Introduction
  • Important Links
  • 🌐Protocol Overview
    • How Union Works
    • Plain English (Detailed)
    • Use Cases
    • v1->v2 changelog
    • FAQ
  • ⚖️Governance
    • UNION DAO
      • Community Delegates
      • Gaurdians & Multisigs
    • UNION Token
    • Governance Process
      • Technical Implementations
    • Glossary of Terms
  • 🔨Developers
    • Union Contracts Overview
    • Contract ABIs & Addresses
    • Core Components
      • UserManager
        • UserManagerERC20
        • UserManagerDAI
      • uToken
        • UDai
        • UErc20
      • AssetManager
      • Comptroller
      • MarketRegistry
      • InterestRateModel
      • PureTokenAdapter
      • AaveV3Adapter
    • Governance
      • UnionToken
        • ArbUnionWrapper
        • ArbUnion
        • OpUnion
      • Governor
      • Timelock
    • Union SDK
    • Union Data
      • Documentation
    • Peripheral & Fun Contracts
    • GraphQL Endpoints
  • 🚴User Guides
    • Becoming a Member
    • How Bridging Tokens Works
      • Bridge UNION token from Arbitrum to Ethereum
    • Voting & Delegation
      • Delegation from Gnosis
    • Vouching & Lending
  • 👩‍💻Developer Guides
    • In Progress
  • ⚠️Risk
    • Types of Risk
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  1. Risk

Types of Risk

The main forms of risk are:

  • Credit Risk — You are in control of who you trust in the protocol, and if they don't repay .

  • Contract Risk — The union protocol is software, and while all efforts were taken to try and write safe software there is the risk of a bug in the code.

  • User Risk — Unions smart contracts are permissionless and they're deployed on ethereum which is also permissionless, as such any loss of funds due to user error is likely irreversible.

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Last updated 1 year ago

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