# Hedging module Today in DeFi there are not so much ways to efficiently create and manage short positions: Blue-chip lendings and Perpetual trading protocols support \~ 5-10 volatile tokens to be traded and borrowed with good liquidity. And it is understandable: long-tail collateral and borrowing brings more risks than revenue to a protocol. The main risk is the risk of bad debts. It is caused by low liquidity of such tokens: oracle prices become non-relevant as liquidity decreases even more when market goes bad. It can result is unprofitability of liquidations and bad debts. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://cetra.gitbook.io/welcome/cetras-products/hedging-module.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.