Overall, Moneda Earnings has a generally low risk due to the use of fully regulated stablecoins. However, no investment is risk free. Moneda Earnings has the following risk profile compared other options in the market: • Market risk: Low due to the use of stablecoin • Liquidity risk: Low due to the use of stablecoin vaults with deep liquidity • Credit/default risk: Low due to the use of overcollateralised loans • Inflation risk: Low. Potential earnings can outpace the inflation rate for USD and EUR. • Regulatory risk: Low due to the use of fully compliant stablecoins in the EU (MiCa) • Technology risk: Moderate due to the use of smart contracts. Smart contracts have been fully audited but are not risk free.