> For the complete documentation index, see [llms.txt](https://docs.jaspervault.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.jaspervault.io/zhong-wen-wen-dang/yong-xu-he-yue-bao-hu-pp/feng-xian-yu-xian-zhi.md).

# 风险与限制

永续合约保护（PP）是风险管理工具，在使用前，用户需要理解以下限制。

***

### 1. 不保证盈利

永续合约保护（PP）的作用是帮助用户管理部分风险，不是帮助用户预测市场。

即使开启保护，用户仍可能亏损。

***

### 2. 需要支付保护费用

永续合约保护（PP）不是免费功能。

保护费用会影响用户整体交易成本。\
如果市场没有发生不利波动，用户支付的保护费用也不会因此退还，具体以平台规则为准。

***

### 3. 有期限

每一笔保护都有对应保护期限。

到期后，保护将失效。\
如果用户仍然持仓，需要自行决定是否继续开启保护。

***

### 4. 有保护范围

保护不一定覆盖所有价格变化和所有风险场景。

用户应在下单前查看保护范围，并理解保护可能无法覆盖超出范围的风险。

***

### 5. 仓位调整可能影响保护

如果用户在保护生效期间加仓、减仓、平仓或改变仓位状态，可能影响保护的有效性和覆盖范围。

请在调整仓位前查看页面提示。

***

### 6. 极端行情风险

在极端行情中，可能出现：

* 市场价格快速跳动
* 流动性不足
* 报价变化剧烈
* 价格源延迟或异常
* 链上交易确认延迟
* 结算体验不如预期


---

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