Replying to Avatar adpo

Closest to #3.

While the trust is bitcoin only, BitGo itself is not bitcoin only.

I wouldn’t want any shenanigans similar to Luna/FTX/etc, via BitGo, to put Swan clients or funds at risk.
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j'ai les clés 2y ago

Makes sense… but do you have any intention of storing your funds there? Or just concerned that *others* might get rugged?

FWIW, it will probably only be institutions who cannot self-custody for procedural or liability reasons.

There are new insurance products available that will protect these clients’ funds which weren’t available prior. It would just be really bad for Swan if they made any poor choices like that. Got a trust that Cory and the team are smarter than that.

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adpo 2y ago

Sorry for the delay. I don’t think we had overlapping relays that worked reliably. Fixed that.

I do not and would not keep my funds there. I self custody, as you might expect. So it is more a concern for others, though also hoping any theoretical catastrophe wouldn’t also take Swan down completely… removing my ability to continue to stack with them.

I do believe they’re smarter than that. Still confident enough in that to keep using Swan. 🤙