❗Risks

There are no completely risk-free protocols in the blockchain industry. Smart Contract risks and liquidation risks are just two examples of the protocol's potential concerns. By conducting audits and maintaining an open-source, public protocol, the team has taken the required precautions to reduce these risks as much as feasible.

Liquidation Risks

Any asset that is provided to or borrowed from the protocol is subject to price fluctuations and market volatility. Due to that nature, liquidations are possible.

Smart Contracts Risks

The IGNIS Protocol will be interacting with a multitude of smart contracts. All smart contracts are subject to risk regardless of code or quality which can lead to vulnerabilities, exploits or failure within the smart contracts. In turn, this can potentially cause assets to be forfeited.