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Ben Zhou Profile picture
Ben Zhou
@benbybit
co-founder and CEO of BYBIT
Nov 16, 2022 • 4 tweets • 2 min read
1) Disclosing Bybit main users asset wallets (excluding other assets and non consolidated wallets are too many to list ~+20%). Around $1.9B. Bybit is also working on POR solutions such as Merkel Tree on UID level.
portfolio.nansen.ai/dashboard/bybit 2) We are also exploring new custody solutions to allow users view their own balance on chain or 3rd party custody. Bybit guarantees 1:1 reserves for all users and we made sure during this special period all users withdraws are processed in timely manner.
May 13, 2020 • 4 tweets • 1 min read
Bybit new risk management tool for BTCUSD PERPS --- Mutual Insurance Beta is now LIVE!
Detail: help.bybit.com/hc/en-us/artic…

Summary of core features:

1. Mutual insurance is a new risk management tool for BTCUSD perpetual contract (Only on web portal for BTCUSD inverse contract) Image 2. Insurance can cover up to 100% of client margin + unrealized pnl within the insured period
3. Insurance is auto settled when client hits liquidation or client can choose to settle anytime manually.