The keeper is a live dependency: if it stops, deposits, take-profits and buybacks pause; fees keep arriving in USDG at the fee destination, because the hook does that without us. The perp leg carries real market risk: leverage cuts both ways, and a coin's treasury can be liquidated. The master secret that derives sub-wallets is held by the operator: it cannot rug the liquidity (the lock makes that impossible) but it does control the flow of collected fees. Doppler's contracts are audited but not by us; Lighter, its zk bridge and RPC providers are all moving parts: an outage on any of them pauses deposits, take-profits or withdrawals until it recovers.
Read the contracts, check the addresses, verify the burns. Then pick a market, a side, a leverage, and a coin you actually believe in.