> For the complete documentation index, see [llms.txt](https://pait.gitbook.io/pait/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://pait.gitbook.io/pait/legal/disclaimers.md).

# Disclaimers

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**Important Notice!** This documentation is provided for information only. It is **not** financial, investment, legal or tax advice, and **not** an offer or solicitation to buy or sell any token or security in any jurisdiction where that would be unlawful.
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### **Risk**

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DeFi involves significant risk, including smart-contract risk, market/volatility risk, impermanent loss, liquidation risk on leveraged strategies, depeg risk, bridge/CEX counterparty risk, and total loss of capital. 

PAiT's diversification (≥50 pools, ≤2% per position), risk monitoring and custody discipline are designed to **reduce** risk; they do **not eliminate** it. 
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### Forward - projected statements

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Statements about future performance - index %,  projected value/revenue - are **objectives and projections**, not guarantees. Actual results depend on AUM, realized pool performance, market conditions and execution, and may differ materially.
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### **No reliance**

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Do your own research. Nothing in this documentation should be relied upon as a promise or representation of future results. Consult your own professional advisers before making any decision.
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### Custody & security <a href="#custody--security" id="custody--security"></a>

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While PAiT uses multi-signature cold custody, time-locks and hardware signers, **no system is perfectly secure.** Users interacting with any contract should verify addresses against the official [Smart contracts](https://app.gitbook.com/o/UgOLSHYNOKd32qUkiBGD/s/QcLG3GodL4Hi5BK4hhbr/~/edit/~/changes/231/how-pait-works/pait-index-token) page.
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### **Accuracy**

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Figures are accurate to the best of our knowledge as of the document date and are subject to change. On-chain data should be independently verified using the methods described in <mark style="color:$danger;">**Smart contracts**</mark> and <mark style="color:$danger;">**Proof of funds.**</mark>
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