While Moneda Earnings minimises risks by using Morpho, a well-established and audited DeFi protocol, no investment is entirely risk-free. Morpho has one of the best risk ratings in the ecosystem and has been praised for its focus on quality, protocol maturity and design. Key risks include: • Smart Contract Risk: Vulnerabilities in the Morpho’s money market protocol, the oracles used or the Base network. • Liquidity Risk: Limited pool liquidity during periods of high borrowing or market volatility. • Stablecoin Risk: Potential de-pegging of the stablecoin from the US dollar or Euro. • Regulatory Risk: Changes in laws affecting DeFi or stablecoins. Moneda actively monitors and mitigates these risks but cannot eliminate them entirely. You can learn more about the risks involved in Morpho at https://morpho.org.