None of these is a simple "the price went down". These are the risks that surprise people, the ones that end accounts rather than dent them. And they are exactly what an alerting system exists to cover.

1. Liquidation

Your health factor slips under 1 and a bot seizes your collateral within seconds, penalty included. No negotiation, no grace period, no phone call. The full mechanics are in the lending chapter; the summary is that the trigger moves with the market, so it can fire at 4am.

2. Depeg

A stablecoin or a pegged asset drifts from its reference value. Everything built on top of "this token is worth 1" starts cracking, domino by domino, including your beautiful fixed rate on Pendle. A depeg is the risk that turns a conservative yield position into a loss without a single protocol failing.

3. The smart contract bug

The program holding the pot has a flaw, someone finds it, the pot empties. It is not your key being stolen and it is not a market move, and it is irreversible. This is why "battle-tested" is not marketing vocabulary in DeFi: code that has held billions for years has survived thousands of people trying exactly this.

4. The oracle

Protocols need prices from the outside world. The supplier of those prices is called an oracle. If it malfunctions or gets manipulated, liquidations fire at prices that never existed. Your position can be perfectly healthy at the real market price and still get seized at the oracle's wrong one.

5. Bad debt

A crash too fast for liquidators to keep up: the protocol ends up holding debt with no collateral behind it. That hole is shared by all depositors. You did nothing wrong, you were not even borrowing, and part of your deposit is gone because someone else's liquidation failed.

6. Governance

A vote changes a parameter: the liquidation threshold drops, an asset is delisted as collateral. Your position becomes risky without any price moving, while you sleep. Governance risk is the least discussed of the six because it looks like paperwork, and it regularly reprices entire positions overnight.

What all six have in common

The common trait

None of these six events shows up on the price chart of your tokens. Every one of them requires watching something else: a ratio, a gap to one dollar, a vote, a date, an announcement. Watching those other things is, very exactly, the definition of what Otomato does.

That is the honest pitch for monitoring in one paragraph. Nobody needs an app to know that ETH went down, the whole world tells you. You need one for the ratio that crept toward 1, the stablecoin at 0.984, the governance vote that passed on a Tuesday, and the maturity that hits Thursday.

Check yourself:Which of the six can hurt you even if you never borrowed anything?(tap to reveal)

Four of them. Depeg hits anything referenced to the broken peg. A smart contract bug empties pots that depositors funded. An oracle failure can misprice the market you LP in. And bad debt is socialized across depositors. Only liquidation and, mostly, governance threshold changes require you to have debt. Not borrowing removes one loud risk, not the quiet ones.