DeFi全栈保险?看看UNION如何填平DeFi与CeFi的鸿沟


1月12日晚8点,UNION主创团队项目负责人Michael Beck与首席产品官John Liu做客深链财经线上沙龙,围绕“DeFi全栈保险?看看UNION如何填平DeFi与CeFi的鸿沟”主题进行分享。以下为分享实录,深链财经整理。

嘉宾介绍 

Michael Beck, UNION主创团队项目负责人,在医疗保健和金融方面有超过25年以上的经验。

John Liu, UNION首席产品官,在华尔街从事金融替代品与衍生品的交易已有9年,而在跨行业的运营和交易的产品创新则有11年之久。

问答环节 

深链财经:请和我们简单的介绍一下UNION是一个什么样的DeFi保险项目呢?

Could you please tell us briefly what kind of DeFi insurance project UNION is?

John:简单来说,UNION是DeFi乐高堆栈中的保护构建模块。我们的去中心化技术平台结合了捆绑式或“全堆栈”式保护、流动性二级保护市场和多代币模型,以降低DeFi参与者的风险,而不需要会员或KYC。新的DeFi需要新的保护方式,这就是UNION。

To put simply, UNION is the DeFi protection building block in the DeFi Lego stack.

Our decentralized technology platform combines bundled or “full stack” protection, a liquid secondary protection market, and a multi-token model to lower the risk of DeFi participants, without needing membership or KYC.

New DeFi needs new ways of protection. That is UNION.

Michael:UNION是一个旨在降低DeFi门槛、降低风险和降低成本的项目。我们通过提供工具和API来让用户优化抵押品策略、Gas费波动和智能合约风险等问题。UNION的保险也可以解决DeFi的多种风险而带来的对灵活性需求。

UNION is a project focused at making defi easier, less risky, and cheaper. We do this by offering tools and apis that enable users to address collateral optimization, gas volatility, and smart contract risk concerns.Our insurance is composable to address the need for flexibility over defi's many risks and challenges.

深链财经:随着DeFi的不断发展,像借贷、保险以及各类衍生品的的应用已越来越多也越来越复杂,黑客事件也时有发生。那么能否给大家简单介绍下UNION是怎样为DeFi创造出更安全的生态环境呢?

With the rapid development of DeFi, money lego like lending, insurance have become more and more flexible, and hacker exploit incidents have also occurred from time to time. So can you give you a brief introduction to how UNION creates a safer ecological environment for DeFi?

Michael:这里的关键点在于,我们将治理与流动性分离,治理政策与收益分离。UNION使用三币系统将治理与流动性分离、政策与收益分离。其中UNN是严格意义上的治理代币,uUNN是策略代币,而pUNN则代表为购买保险的用户提供的流动性证明凭证。

The key here is our separation of governance from liquidity and policy from benefits.This is done using a 3 token system, where we have a UNN token, a uUNN token, and a pUNN token.The UNN token is strictly governance.The uUNN token is the policy token.The pUNN token represents the liquidity participation of parties who fund benefits for parties who purchase insurance coverage.

John:在TradFI或CeFi中,用户可以为持有其资产的中心化机构投保。在DeFi中则没有中心化机构。那么人们该如何保护自己呢? 更不用说,对于大多数公司来说,加密货币仍然是一个非常新的概念。因此,传统保险无法衡量风险。UNION构建了一个框架,让DeFi风险承担者可以获得收益,并为风险提供保护,比如黑客攻击等。UNION也将其保护延伸到其他领域,例如,借贷协议中极高的资本成本、极高的交易成本以及无偿损失。UNION帮助DeFi用户保护自己的利益:利益相关者都有机会获得收益,而不是单一的个体。

In TradFI or CeFi, a person can take out insurance on the centralized organization holding their assets.In DeFi, there is no central organization.So how does one protect themselves? Not to mention, cryptos is still a very new concept to majority of retail, so traditional insurance can't measure the risk.Union creates a framework where DeFi risk takers can earn yield and offer protection against DeFi risks, like smart contract hacks.UNION extends the protection into other areas too.These include, for example, the high cost of capital in lending protocols, the high cost of transactions, and impermanent loss.UNION helps DeFi users protect themselves and, true to blockchain, distributes earning opportunities to everyone instead of single organization.

Michael:我们将个体风险分离,结合uUNN代币的收益来决定为其提供资金的多少。

We fund individual risks separately, and combine benefits and determination of adjudication in the uUNN token.

深链财经:可以简单向我们介绍下UNION是怎样支持跨DeFi协议的呢?

Could you please tell us how UNION supports cross-DeFi protocols?

John:

跨链对我来说非常重要,因为我有在Fusion工作的背景。值得庆幸的是,在跨链这方面已有各种各样的协议了,其中最著名的就是波卡Polkadot。UNION打算利用这些协议提供的途径来解决跨链问题。比如与我们合作的Waves,他们其中有一个跨链协议叫Gravity。从数学上讲,协议的跨链技术是安全的,不会受到黑客攻击(例如,通过MPC的多方计算),他们仍然希望以保险的形式为用户提供额外的完全性。谈判仍处于早期阶段,但我们在这个领域看到了很多机会。

Cross-chain is very dear to me, given my background with Fusion.Thankfully, there are various protocols working on cross-chain, and the well-known ones are Dot, Polkadot.We intend to utilize the excellent avenues provided by these protocols to bridge the cross-chain issue. Our recent partnership with Waves, who have a cross-chain protocol Gravity, is an example of our approach. We've been in talk with some cross-chain protocols where, even though mathematically, their cross-chain technology is secure against hacks (for example, through MPC --multi party computation) , they still want to offer users and additional layer of comfort in the form of insurance.Talks are still early, but we see much opportunity in this space.

深链财经:目前市面上已经有一些成熟的DeFi保险项目,相比其他项目来说UNION的特别之处在哪里,有哪些创新?

There have existed some popular DeFi insurance projects on the market. What is special about UNION compared to other projects, and why UNION can outperform?

Michael:UNION之所以不同,是因为我们对待治理和流动性的方式不同。我们一直在讨论把他们分开的必要性。同样,我们也不要求KYC来参与UNN代币的交易和产品的使用:我们并不是那种中心化的组织。最后,我们也允许用户通过治理代币获得可组合收益。

Union is different because of our treatment of governance and support liquidity.We have been talking about the need to separate these things for a while, and it seems like other projects are just beginning to listen.We similarly don’t require kyc for participation in the trade and use of the token—we arent a mutual or other ownership organization where only the members can participate.Finally, we allow for composable benefits within our policy tokens.

深链财经:在您看来,目前DeFi保险领域的痛点在哪里,未来会怎样发展?

From your perspective, what are the pain points in the DeFi insurance market? and how will it develop in future?

Michael:DeFi将继续创新,但我认为黑客攻击和DeFi协议间组合的复杂程度将继续增加采用的风险和费用。因此我认为像UNION这样能够控制费用和风险的保险产品将会越来越重要。

Defi will continue to innovate, but I think risks from hacks and unintended consequences of composibile defi contracts will continue to add risk and expense to adoption.For this reason, I think protection products like ours, which help to control expense and risk, will be more and more important.

John:目前的DeFi的痛点有:1. 新的向量攻击 :在快速发展的环境中,技术是很高超的黑客们追逐着高额的回报。2. 以太坊即使采用了二层网络解决方案,使用DeFi的Gas费成本仍将是一个问题。好消息是,就像去年解决了DeFi“可用性”问题一样,我们已经准备好迎接挑战,来解决这些问题。

We are seeing the pain points now in DeFi. 1) New vectors of attack as sophisticated hackers go after large pools of money in a rapidly evolving landscape. 2) The cost of DeFi--ETH gas will continue to be an issue, even with layer 2 solutions kicking in. The good news is, much like how the industry has addresesed "usability" in DeFi in 2020, we know the industry, and UNION, is up to the challenge to solve these issues.

深链财经:我们知道UNION已经在BitMax上线了,那么目前UNION的项目进展如何? 未来的计划是怎样的?

We all know UNION has been launched on BitMax, so how does the project progress now? and what are the future plans?

Michael:我们非常关注代币的流动性和项目进展。目前我们仍然在构建UNION的核心框架,并进行大量的测试。我们更善于面对挑战,这使我们一直在反复验证我们的产品开发质量,特别是当我们在这个领域看到许多的项目都失败时。目前最优先的是启动并提升我们的社区规模。

We are very focused on token liquidity and project progress—we are still building our core frameworks and are testing our work extensively, using approaches we've adopted through earlier challenges with the project.We are better for having challenges, which made us question core assumptions about our software development and quality assurance, especially when we see a number of project failures and issues in this space. Our project launch and improving the size of our community and username are the highest priority.

John:2020年,我们的重点是监管合规。不只是美国证交会(SEC)起诉Ripple一事,甚至在欧洲,我们都认为监管日益加强是必然的。我们相信,合规将是未来最重要的地方。目前我们正在马不停蹄的构建产品,并在Medium上分享了的第一个关于抵押品优化产品的更新。该产品利用去中心化来减少借贷协议所需的抵押品数量。我非常期待,不仅因为我们正在建立的保护机制,还因为我们正在为DeFi建立两个重要的基本要素:1. 去中心化的选择;2. 衍生品的借贷协议。顺便说一下我们与BitMax的合作,BitMax的用户还可以为保护池提供流动性从而赚取更高的收益。未来还会有更多值得期待。https://btmx.io/zh-cn/DeFi/investment-product

For 2020, we were focused heavily on regulatory compliance. Looking at the actions of not just SEC, for example, going against XRP but even in Europe, we see regulatory oversight increasing as a given. We believe regulatory compliance will be an important moat going forward.Now we are rapidly building out the product and shared yesterday an update in our medium channels insight into our first product on collateral optimization. This product utilizes decentralized options to reduce the amount of collateral needed to post for lending protocols. I’m very excited not just because we are building protection, but because we are building two important primitives for DeFi: 1) decentralized options and 2) a lending protocol that uses derivatives

On the topic of Bitmax by the way, we also have exciting collaborations where users of Bitmax will be offered a way to participate in providing liquidity for our protection pools and earning very nice yield. More to come in the future.https://btmx.io/zh-cn/DeFi/investment-product

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