We do take security seriously and have spared no resources in order to ensure that the protocol matches the highest security standards. The smart contracts have been designed to be safe and secure from the very start, and underwent professional audits. However, there is no insurance provided in case an unknown bug or exploit is found.
To fully graps how GoodGhosting works, we strongly recommend to read the technical details described in the Game Mechanics & Technical page. Especially, the risks inherent to the somewhat centralized power available to the Admin Functions of the GoodGhosting contract.
To learn more about the general risk in decentralized finance, we can recommend following publications:
Meegan 2020 - Identifying Key Non-Financial Risks in DeFi on Ethereum Blockchain.pdf
Jensen & Ross - 2021 - Managing Risk in DeFi - SSRN-id3745568.pdf