Risks
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While Nexus Money Market provides a secure and decentralized lending environment, users should be aware of certain risks associated with the protocol:
Collateral Risk: The value of supplied collateral can fluctuate due to market volatility. If the collateral value drops significantly, borrowers may face liquidation, resulting in a loss of a portion of their assets.
Oracle Risk: The protocol relies on price oracles to determine asset values. If an oracle provides inaccurate or delayed price data, it may trigger unexpected liquidations or incorrect borrowing limits.
Smart Contract Risk: Even though the platform is built on a tested Aave V2 framework, smart contracts are still subject to potential vulnerabilities or exploits. Users should assess risks before interacting with the protocol.