Project Overview
BQ Labs is the first decentralized insurance protocol designed to secure the Bitcoin and multi-chain ecosystems by offering risk management as a financial asset. Our platform enables modular underwriting pools, dynamic risk pricing, and tokenized risk solutions, making risk mitigation accessible and scalable.
Our target users include DeFi participants, BTC holders, liquidity providers, and institutional investors who need protection against slashing, depegging, smart contract failures, and other financial risks. By integrating AI-driven risk assessment and cross-chain liquidity aggregation, BQ Labs addresses the lack of transparent, efficient, and decentralized insurance solutions, ensuring better security and adoption within the BTCFi space.
Web3 advantages
BQ Labs leverages Web3 to create trustless, decentralized insurance, eliminating the inefficiencies of Web2 insurance models that rely on centralized control, opaque pricing, and manual claims processing. Through smart contracts, modular underwriting pools, and AI-driven risk assessment, we enable transparent, automated, and on-chain risk management without intermediaries.
Unlike Web2 insurers, where underwriting and claims decisions are dictated by centralized entities, BQ Labs uses decentralized governance and automated claims processing to ensure fairness and efficiency. Additionally, our Liquid Insurance Tokens (LITs) tokenize risk exposure, allowing underwriters to trade and exit positions freely, creating a new financial asset class. With cross-chain liquidity aggregation, users can secure BTCFi assets seamlessly, making risk management more efficient, accessible, and composable within the DeFi ecosystem.
How is it built
BQ Labs is a modular, decentralized insurance protocol integrating smart contracts, AI-driven risk modeling, and cross-chain liquidity aggregation to create a scalable and efficient risk management layer. Our system architecture ensures security, transparency, and composability within DeFi while providing institutional-grade risk solutions.
Tech Stack & Infrastructure
• Smart Contracts: Developed in Solidity for insurance cover management, underwriting pools, and strategy vaults. Rust and ChainFusion are used to unify liquidity securely within ICP canisters, ensuring cross-chain interoperability and fund security.
• Frontend: Built using React.js, with standard Web3 frameworks to support seamless user interactions, wallet integrations, and DeFi-native UI/UX.
• Machine Learning & Risk Engine: Developed in Python, our ML model predicts risk scores and dynamically adjusts premium pricing based on real-time market conditions and historical data.
• Oracles & Multichain Module: We integrate trusted oracles for real-time risk assessment, asset pricing, and event-based triggers. Our multichain module enables seamless interaction across multiple chains, ensuring decentralized risk coverage across various ecosystems.
This hybrid infrastructure allows BQ Labs to provide secure, transparent, and scalable risk solutions while ensuring trustless underwriting, automated risk pricing, and cross-chain liquidity aggregation within the decentralized finance space.
Internet Computer Superpowers & BQ Labs
BQ Labs leverages Internet Computer’s (ICP) ChainFusion technology to unify liquidity across multiple Bitcoin L2s, enabling seamless risk management and decentralized insurance. ICP’s canister architecture ensures scalability, security, and efficiency, enhancing underwriting pools with diversified liquidity sources. Its multi-chain infrastructure allows Bitcoin-native assets, DeFi protocols, and liquidity providers to access risk management solutions without fragmentation. By integrating cross-chain liquidity, modular underwriting pools, and scalable infrastructure, BQ Labs is redefining decentralized insurance for a more secure and accessible BTCFi ecosystem.
Go-To-Market Strategy for BQ Labs
BQ Labs is executing a multi-pronged GTM strategy focused on strategic partnerships, community engagement, and institutional adoption to drive user growth and platform expansion.
- Strategic Partnerships & Ecosystem Integration – With 40+ partnerships across the BTCFi ecosystem, we are collaborating with Bitcoin L2s, DeFi protocols, and liquidity providers to integrate our insurance solutions. Our One-Click Insurance SDK will simplify onboarding, enabling seamless risk coverage.
- Incentivized Testnet & Early Adopter Growth – With 7,500+ waitlisted users, we will engage early adopters through incentivized testnet campaigns, rewarding users for testing underwriting pools, purchasing covers, and interacting with our risk engine, refining the user experience before mainnet launch.
- Community Growth & Thought Leadership – With 20,000+ members, we will expand through quests, bounties, and referral programs, alongside educational campaigns, AMAs, and developer workshops to establish BQ Labs as the go-to risk management solution in DeFi.
- Institutional Adoption & Liquidity Scaling – We are onboarding institutional liquidity providers and DeFi protocols to ensure well-funded underwriting pools. Our customized insurance solutions and institutional-grade risk models position BQ Labs as the default risk management layer for BTCFi.
With a strong ecosystem presence, proven demand, and a scalable onboarding strategy, BQ Labs is set to become the leading decentralized insurance solution for Bitcoin and multi-chain DeFi markets.
Monetization Strategy
BQ Labs is a sustainable, revenue-generating decentralized insurance protocol with multiple income streams, including insurance premiums, underwriting fees, claims processing fees, investment yield from idle capital, listing fees for protocols, and Liquid Insurance Tokens (LITs) for liquidity trading. By leveraging dynamic pricing, modular underwriting pools, and cross-chain integrations, we ensure long-term profitability and scalability in the decentralized risk economy.
Project Status
BQ Labs has made significant progress, launching a closed devnet with 1,000+ users, conducting thorough testing, and preparing for our testnet launch with 7,500+ waitlisted users. Technically, we have integrated ChainFusion for cross-chain liquidity, developed smart contracts for covers and underwriting pools, built an AI-driven risk engine, and enabled multi-chain asset support. With 40+ partnerships and 20,000+ community members, BQ Labs is positioned as the leading decentralized insurance protocol.
Future Plans
Our immediate focus is on launching the public testnet, enhancing risk modeling and underwriting pools, and scaling cross-chain integrations for seamless liquidity. We plan to introduce tokenized risk solutions such as Liquid Insurance Tokens (LITs) and expand into Real-World Asset (RWA) insurance. Additionally, we aim to participate in major conferences, hackathons, and apply for strategic grants to drive adoption and ecosystem growth.