However, authors note that non-oral formulations are preferred because of the adverse lipoprotein effects of oral testosterone. So far, adverse side effects of non-oral formulations appear to be restricted to small weight gain, mild acne and increased hair growth, but more research on long-term effects is needed.
source https://www.lifetechnology.com/blogs/life-technology-news-blog/testosterone-may-significantly-improve-sexual-function-and-sexual-well-being-in-postmenopausal-women