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

# Risks

As with any decentralized protocol, it is important to be cognizant of potential risks as a user. SPICE is implemented as a set of smart contracts on the Ethereum blockchain. While the code has been thoroughly tested and peer-reviewed by top engineers in the Ethereum ecosystem, no codebase is perfect. Here are some of the risk categories of the SPICE protocol:

* Smart Contract Risk
* Execution Risk

All processes have been thoroughly tested and are designed to mitigate all the risk vectors above. That said, we prefer to be fully transparent about potential risks to ensure users are fully informed when using SPICE.