> For the complete documentation index, see [llms.txt](https://docs.algogard.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.algogard.com/how-to/risks.md).

# Risks

Users who interact with the GARD Protocol are not without risk.  It is important for users to be aware of all risks before using the protocol.

1. **Smart contract failure** - Despite undergoing a full [audit](broken://pages/lIdcJvYaPvP6Ezd5I5nR) and rigorous internal quality assurance, there is a chance of smart contract failure.
2. **Liquidity Risk** - Users who fail to maintain their collateral must be liquidated, these processes must run smoothly in order to protect the protocol.
3. **Oracle Risk** - There is the risk that the oracles used by the GARD Protocol provide incorrect or stale data that leads to an exploit of its smart contracts.

For more information, please read the [terms of service](https://www.algogard.com/app-terms-of-use.html) and [privacy policy](https://algogard.com/app-privacy-policy.html).