The Rabi Protocol is experimental technology, and there is no warranty that the technology will be uninterrupted or error-free. To mitigate this risk, the Rabi Foundation has implemented technical auditing to ensure the Rabi Protocol functions as intended. In the event of a black swan event, such as an attack on the collateral types that back Rabi or a highly coordinated Oracle attack, the Rabi Protocol has been designed with various fail-safes, including the Liquidation Ratio, Debt Ceilings, the Governance Security Module, the Oracle Security Module, and Emergency Shutdown. The Rabi Protocol is a complex decentralized system, and there is a risk that inexperienced cryptocurrency users will abandon the Protocol in favor of systems that may be easier to use and understand. To mitigate this risk, the Rabi community and the Rabi Foundation provide documentation and numerous resources to ensure onboarding is as uncomplicated as possible. Emergency Shutdown serves as a last-resort mechanism to protect the Rabi Protocol against attacks on its infrastructure and directly enforce the Rabi Target Price. The Shutdown process can only be controlled by Rabi Governance, but RABI voters are also able to instantly trigger an Emergency Shutdown by depositing RABI into the Emergency Shutdown Module (ESM), if enough RABI voters believe it is necessary. After Shutdown is triggered, Collateral Auctions begin and must be completed within a specific amount of time. This guarantees that no auctions are outstanding at the end of the auction processing period.
