Risk and Custody

The honest list of what can go wrong, written before anyone has money at stake.

Impermanent loss

This is the real one, and most LP marketing buries it. When the price of the pooled token moves, a liquidity position ends up holding more of the asset that fell and less of the one that rose. Fees can outrun that drift, or they can fail to. A position whose price leaves its chosen range earns nothing until price comes back, while still carrying the divergence. Ordo does not remove this risk and no fee-based protocol can.

Custody

Your staked position lives in an on-chain program and only your own wallet can withdraw it. The team cannot see it, move it, or freeze it. The router's funds stay in the router contract; a keeper can pull the trigger and nothing else.

Smart contract risk

The code is unaudited until the review listed on the front page completes. Until that lands, treat any deposit as capital you are prepared to lose to a bug. That is not a disclaimer, it is the actual risk profile.

Thin markets

Most tokens on any new chain trade in shallow pools. A shallow pool means volatile fee income and wide price swings, which amplifies everything above. The router exists to make pools less shallow over time; it does not make a new pool deep on day one.