> ## Documentation Index
> Fetch the complete documentation index at: https://docs.yellow.pro/llms.txt
> Use this file to discover all available pages before exploring further.

# Risk & Liquidation

> How liquidation works on Yellow.pro perpetuals — mark price, cross-margin risk, ADL, margin warnings, and how to manage risk.

Perpetual trading is leveraged, so understanding liquidation is essential. This section explains what triggers liquidation, how the mark price and cross-margin model affect it, what auto-deleveraging (ADL) is, and how to keep your account safe.

<Warning>
  Liquidation closes your position automatically when your account can no longer meet maintenance margin. You can never lose more than your deposited balance — Yellow\.pro does not issue margin calls for additional funds.
</Warning>

## In This Section

<CardGroup cols={2}>
  <Card title="Liquidation & Mark Price" href="/perpetual-trading/risk-and-liquidation/liquidation-and-mark-price">
    What triggers liquidation, the process, and why mark price (not last price) decides it.
  </Card>

  <Card title="Cross-Margin Risk & ADL" href="/perpetual-trading/risk-and-liquidation/cross-margin-risk-and-adl">
    How shared collateral aggregates risk, and how auto-deleveraging settles liquidations.
  </Card>

  <Card title="Margin Warnings & Risk Management" href="/perpetual-trading/risk-and-liquidation/margin-warnings-and-risk-management">
    Warning emails and practical risk-management principles.
  </Card>
</CardGroup>