> For the complete documentation index, see [llms.txt](https://docs.vigilan.market/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.vigilan.market/platform/security-permissions-and-risk.md).

# Security, Permissions, and Risk

### Accounts and transaction authorization

Vigilan Market uses smart-contract accounts and on-chain settlement. Deposited collateral and market positions are held through the relevant account and contract structure; they should not be confused with assets remaining in an external wallet.

Review transaction authorizations, token approvals, and account permissions before signing. Account access depends on its configured signing, co-signing, module, and recovery arrangements. On-chain settlement by itself does not establish that every withdrawal or recovery path is independent of platform infrastructure.

### What on-chain settlement provides

On-chain records make settled transactions inspectable. They do not imply that every resting order, matching decision, AI analysis, or off-chain operation is recorded on-chain.

Contract enforcement and collateral backing are important parts of the trading mechanism, but neither eliminates software vulnerabilities, compromised permissions, administrative dependencies, or service interruptions.

### Main risks to understand

| Risk                      | Possible effect                                                       |
| ------------------------- | --------------------------------------------------------------------- |
| Outcome risk              | Purchased shares can settle at zero                                   |
| Basis risk                | An underlying loss may not satisfy the contract's trigger             |
| Liquidity risk            | A desired order or exit may not execute                               |
| Data and resolution risk  | Missing data or disputed interpretation can affect finalization       |
| Collateral risk           | USDT may decline in value or face transfer restrictions               |
| Contract and account risk | Vulnerabilities or compromised permissions can affect assets          |
| Operational risk          | An interface, signer, matching service, or network may be unavailable |
| AI analysis risk          | An alert may be inaccurate, incomplete, delayed, or absent            |

### Using Vigilan responsibly

For a fully paid purchase of outcome shares, the contract-position loss is the amount paid plus applicable costs. This does not cap losses on your separate investments, liquidity positions, or automated strategies.

Vigilan provides risk information and event-trading tools. A contract pays according to its rules rather than reimbursing a verified personal loss. Examples in these docs are educational and are not personalized investment recommendations.

Review the applicable [Terms](https://vigilan.market/policy/terms) and [Privacy Policy](https://vigilan.market/policy/privacy). Product access remains subject to the terms and eligibility requirements that apply to your use.