Users of the protocol face two risks, the risk that Notional gets hacked and the risk that borrowers on the platform become insolvent. Notional takes security extremely seriously and has never been hacked. The protocol has been audited by industry leaders including Open Zeppelin, Certora, ABDK, and Code Arena. Notional’s liquidation infrastructure makes sure that borrowers do not become insolvent, and if they do, the protocol shields users from any losses with its reserve funds.