> For the complete documentation index, see [llms.txt](https://support.backpack.exchange/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://support.backpack.exchange/support-docs/cn/jiao-yi-suo/jie-dai/li-yongl-lil-feng-xian/feng-xian.md).

# 风险

1. **出借人（存款人）的主要风险**

* **流动性风险**：在高利用率时期，可能难以及时提取资金，因为大部分流动性已被借出。
* **市场风险（资产贬值）**：出借人存入的是加密资产，如果这些资产的市场价值大幅下跌，即使赚取了利息，折算为法币后的实际回报也可能下降。
* **利率波动**：出借收益并非固定，可能会根据借款需求而波动。需求降低时，回报会下降。

***

2. **借款人的主要风险**

* **清算风险**：如果抵押品价值跌破所需的维持保证金，借款人的仓位可能会被清算，从而产生损失。
* **高利息成本**：在高利用率时期，借款利率可能急剧上升，导致借款成本增加。
* **抵押品波动性**：由于大多数抵押品是高波动性的加密资产，价格快速下跌可能会迅速触发追加保证金和清算。
* **过度杠杆风险**：在波动性资产上进行借款，若市场走势不利，可能会放大损失。

{% hint style="info" %}

### **👉**[进一步了解与风险相关的内容](/technical-docs/cn/jie-dai/feng-xian.md)

{% endhint %}


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