The underlying markets are conservatively parameterized to handle collateral volatility, but some risk remains and loss of principal is possible. sUSDat's exchange rate is derived from the value of STRC (Strategy Inc. perpetual preferred equity) holdings, meaning collateral value can fluctuate with STRC market conditions. A sharp decline in STRC price would directly reduce sUSDat collateral value and may impair liquidation execution. Other risks, including those related to smart contracts and oracles, also apply, so please review carefully before depositing.