Why do we need CEX counterparty risk swaps? In 2022, many black-swan events happened in the crypto space, such as the UST de-peg and FTX bankruptcy. These events and their fallouts have led to tremendous losses for millions of crypto investors. These incidents have significantly weakened institutes and the general public's confidence in investing in cryptocurrencies, which hurts the entire crypto ecosystem. One prime reason for the black-swan events to have such a huge impact on investor...