Are there new procedures for mtp instability on 2ndtoe that may not be as risky ? i fractured mt toe a year ago but pain and swelling continued ..

As risky as what?: Fusion of the joint may be a good answer.

Maybe: I need to know what procedure has been proposed before i can determine what is less risky.

I don't : Think the "standard" procedures are particularly risky. What kind of risk are you referring too? Any surgery has inherent risk. The condition you speak of often fails conservative therapy.