[Information] to keep assets secure, encrypted insurance may soon become the norm

Today's encryption market offers tremendous opportunities for investors and traders, along with the risks and potential losses.

When you put money in the bank, you will know that it is safe to some extent, because the bank has to provide insurance against theft and other acts. However, if you put money in the currency encryption, you should know there is no such insurance - your own bank. Among other reasons, this is hindering business growth based block chain and a major obstacle to widespread adoption of.

Bank has FDIC insurance, and asset encryption is no such equivalent. Governments and central banks are Bank safety net. If your wallet / custodian invasion or money disappear otherwise hackers will not be insured, because there is no man-made to ensure the safety of the industry to do any preparation.

Information security risks is another important issue. There are many cases of cyber attacks, causing huge losses to encrypt currency holders.

There is no safety net. The problem is that, due to the lack of market history and big data as a basis for decision making, encryption currency industry for traditional insurance companies constitutes a major obstacle. To address these obstacles, the insurance company has strict coverage, higher premiums, and not enough.

For the trustee (the company on behalf of others to manage encryption Monetary Fund), this reality has brought huge problem. Their responsibility is huge, no insurance, the responsibility falls on the user's body. Recent history shows that there are many things that can go wrong.

For example, last fall, CryptoShuffler Trojan stole about $ 150,000. On the computer to install malicious software victim (for example, the use of social engineering) after the malware will be replaced with a part of a hacker encryption currency wallet address. In many cases, encryption traders because of its transactions are hacked and lose money.

If the encryption currency industry to attract more institutional investors, it will need to provide more insurance solutions. Recently, news that Gemini encryption Currency Exchange launched a captive insurance company in this Limited, to ensure maximum insured sum of its Gemini custody business of $ 200 million, which is a new message. According to reports, this is the encryption currency hosting services in the largest sum of money. world.

This new insurance company will help institutional clients Gemini meet regulatory requirements, risk owners Gemini Hussein Yusuf (Yusuf Hussain) explains in the story of the January 16, "This is a safe method with Gemini first, the first and regulatory compliance friendly exchanges and custodian. "

black swan event

加密行业急需包括传统保险在内的风险转移解决方案，这超出了对黑客和小偷的保护范围。加密货币世界遭受持续的价格波动之苦，无论是通过传统保险公司还是通过其他方式，用户都可以从某种抵御市场波动的保护中受益，这已不是什么秘密。

白皮书中解释了用于DeFi产品的多链框架Equilibrium：“加密社区需要一种可靠的保险机制，以确保DeFi项目的用户在发生黑天鹅事件时能够取回其资金。”

黑天鹅事件不必是灾难性的。例如，可能是韩国决定关闭其所有加密货币交易所，或者美国监管机构突然放下了对比特币（BTC）的打击。

沿着这些思路，Equilibrium最近创建了一个“稳定基金”，以保护其稳定币EOSDT的用户免受“非常规市场事件”的影响，该事件具有650万个EOS代币的自有资本，当时的价值约为1750万美元。该基金在12月中旬的公告。

正如Equilibrium首席执行官Alex Melikhov解释的那样，用户期望EOSDT的价格保持稳定，并说：“但是在一个特殊的市场事件中，包括EOS在内的所有加密货币的价格都可能暴跌。”由于抵押品不足，ESODT用户可能突然发现自己的头寸已被清算，并要承担20％的罚款。据梅利霍夫说：

“如果发生异常情况，例如市场震荡导致EOS的价值暴跌，并且整个系统抵押品价值跌至EOSDT供应的总美元价值以下，我们的基于智能合约的基金可以介入并通过算法确保EOSDT用户能够保持其价值。”

自有资金

Equilibrium不是唯一一家实施自有资金以保护其用户的加密货币公司。 2018年7月，领先的加密货币交易所Binance宣布将其收到的所有交易费用的10％分配给用户安全资产基金（SAFU），这些资金存储在单独的冷钱包中，以保护用户及其“极端”资金案件。”

一个极端的情况发生在10个月后的2019年5月，当时黑客窃取了7,000个比特币，当时价值约4,100万美元。币安将SAFU作为一种紧急保险来覆盖此事件。
谨慎操作

同时，传统保险公司开始将脚趾浸入加密货币领域。经纪人威利斯·塔沃森（Willis Towers Watson）表示：“在过去两年中，保险公司谨慎地扩大了承保意愿，以提供对加密风险的承保。” “但是，所谓的加密覆盖并不便宜，并且由于不稳定的甚至不稳定的加密货币状态以及缺乏历史损失数据，承销仍然受到阻碍。 “经纪人的信息归结为：谨慎行事。

更多的加密货币交易所和保管人正在转向传统的保险公司和经纪人，以保护其免受黑客和小偷的侵害。 4月，Coinbase披露了其热钱包加密资产的2.55亿美元极限保险额度的详细信息，该额度是通过伦敦劳合社注册的经纪人购买的。就双子座而言，在其最近的Nakamoto Ltd.发行中得到了主要经纪人Aon和Marsh的协助。

在去年的Quadriga丑闻之后，加密安全公司Bitgo宣布了一项1亿美元的劳埃德（Lloyd）承销政策，以覆盖其托管客户的数字资产“其中，脱机私钥由BitGo，Inc.持有，”新闻稿。

保险经纪人伍德拉夫·索耶（Woodruff Sawyer）的副总裁兼金融机构总监雅各布·德克尔（Jacob Decker）说，与加密社区合作时，“有些保险公司比其他保险公司走得更远。”

他接着补充说，大多数人仍然必须教育他们的管理团队有关加密货币的知识，而且这不是一个隔夜的过程。可能需要两到三年的时间。达克说，这就是说，今天有越来越多的运营商开始制定政策，帮助BitGo维护其劳埃德政策的德克尔说。

最佳利用资金？

通常，交易所选择通过预留资本来弥补潜在损失而选择自我保险。但是，这种方法存在问题。火币全球机构中心负责人王磊说，抛开本来可以投资的代币通常不是最佳的资本利用方式，而且风险仍然相当集中在交易所内，无法进入再保险市场。由于缺乏专业知识，承保范围和索赔程序也常常不明确。王说。

“我们目前已经预留了20,000个比特币，如果发生安全漏洞，可以将其更好地用于’火币安全储备’作为回退保护机制。资金成本很高。”

Wang explained that the fire coins interested in exploring other insurance options, including the establishment of captive insurance entities in that entity, independent funds deposited in regulated and audited tools, which may help the exchange to get more from reinsurance market cover. Wang added that he was "held captive insurance programs for optimism." Such as standardization and pricing details still need to figure out like, even here he also has some warnings:

"Each exchange has a different security mechanisms and the potential risk of attack is assumed that they are willing to share with competitors, you do not fully understand the security in the exchange of each method, it is difficult to propose a standard industry pricing model in addition, with the insurance may promote the development of the exchange. safe investment to compensate for the reduction in insurance costs. "

Insurance has its limitations

However, not all things can easily get insurance. Decker said, adding that it is difficult to ensure that the value of assets encryption heat wallet, and expensive, and that "we can not guarantee Bitcoin price will not be zero." For fear of missing user's private key, "The best way is to go You can find a protection specialist that will make your overall benefit. "retail investors will want to research the reputation of the manufacturer. And its balance sheet and then encrypt assets entrusted to them.

According to Decker's statement, insurance companies need a framework for assessing and pricing risk, which is the encryption of the community do not always understand. In the case of the exchange, who is insured regulators? The company and the regulators have to do with it? How the company's financial situation? Is there a minimum capital buffers? Audited financial? Who is the management team? They have experience? and many more. Decker Summary:

"Encryption traded companies engaged in the development of very fast. Today's encryption trading exchange-traded looks very different from a few years ago."

According to Decker's statement, they often look for regulators when problems arise on the financial audit, and served as Chief Compliance Officer, and. When compliance has become a top priority, companies will be easier to underwriting. Overall, "I am very positive," Decker said.