Last week @DanDeFiEd made a post about Rysk’s RFQ model and “no counterparty risk.” Some of you got it immediately… some didn’t Let me break it down in plain English — and with an analogy you’ll actually remember 👇 First — what’s an RFQ? It stands for Request For Quote. Think of it like walking up to a market stall and asking: “How much for this basket of mangoes?” The seller gives you a price before you agree to buy. In Rysk’s case, the “basket” is an options trade. You see the premium (your payout if conditions are met) upfront — no surprises later. Now the “no counterparty risk” part. In CeFi, you trust a middleman to hold both sides’ money until the trade is done. If they vanish or default, you’re screwed. On Rysk, both sides’ funds go straight into a smart contract on-chain. That contract is the vault — it won’t release funds unless the trade conditions are met. No trust games. No “hope they pay me.” The code enforces it. It’s like buying from a vending machine instead of a random guy on the street. You put your money in, the machine holds it, and you either get your snack or your money back — no human middleman to flake on you. That’s the magic of DeFi + Rysk’s RFQ model: •You know your premium before you click “trade” •Funds are locked in a smart contract •The system settles automatically — no counterparty risk Simple, secure, transparent.