# Security & Risk

- [Risks](https://docs.ethstrat.xyz/security-and-risk/risks.md): Honest assessment of protocol-wide risks with mitigations — not boilerplate disclaimers.
- [Defense in Depth](https://docs.ethstrat.xyz/security-and-risk/defense-in-depth.md): How eight independent safety layers stack to protect every participant — from smart contract level to economic design.
- [Audits](https://docs.ethstrat.xyz/security-and-risk/audits.md): Security audits — what's been audited, by whom, and what's in progress.
- [Decentralization Scorecard](https://docs.ethstrat.xyz/security-and-risk/decentralization-scorecard.md): Self-assessment of ETH Strategy's decentralization status — what's strong, what's in progress, and what's honestly centralized today.


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