Contract risk

The contracts are audited. However, there can still be bugs in the smart contract code.

Economic risk

The protocol maintains a buffer to mitigate the economic risks in underlying yield generating protocols. Yield generating protocols are selected such that there are minimal economic risks. However, the protocol inherits the economic risks of its yield generating protocols.

Execution delays

The execution/filling of orders is incentivized. However, there can be delays in order execution if not enough relayers are running.