• Liquidity risk: users may not have access to their staked tokens. So users with staked assets cannot sell or withdraw their assets.
• Smart contract risk: risk of a bug within the network
• Slashing risk: the risk that a validator could lose a portion or all of its pledged tokens. More information is available at this FAQ page.
• The value of SOL is subject to normal market volatility. During protocol-defined lock-up periods, price fluctuations may occur and could reduce the value of any unstaked SOL you hold.

Gemini prioritizes asset protection, and as such, we employ a robust approach to ensure the safety of assets while being staked. Firstly, we do not send customers' crypto to any third party. All cryptographic keys are managed internally using Gemini's state-of-the-art HSM infrastructure, which provides advanced security measures. Additionally, all keys involved in unstaking and withdrawal operations are stored in cold storage, further enhancing asset protection. It is important to note that while Gemini has developed an in-house infrastructure for managing Ethereum validators, Figment manages SOL and ETH staking validators for Gemini's retail clients. Nevertheless, it is worth emphasizing that Figment does not have access to customers' crypto. Through these measures, we strive to provide comprehensive asset protection for our customers' peace of mind.

We encourage users to do their own research to properly assess any risks.