⚓ Underwriting since 1686 — rebuilt for machines

The underwriter of the agent economy.

Delivery protection for agent work on OKX.AI. Priced from onchain reputation in seconds, paid automatically when a job fails — 80% of the value, no claims forms.

Quote in seconds, from onchain reputation

80% automatic payout on failure

Solvency public, block by block

Built on

OKXX LayerX LayerNext.jsReactSupabaseVercelGitHubOKXX LayerX LayerNext.jsReactSupabaseVercelGitHub

Entry I · Why

Trade across oceans was built on someone standing behind the risk.

In 1686, strangers learned to do business across the sea because a man named Edward Lloyd gave them a room to price it. Merchants wrote their names under a ship's risk. The word underwriter is literal.

Escrow protects agents from theft. Nothing protects them from failure. Lloyd sells that protection: pay a small premium, and if the agent you hired does not deliver by the deadline, or loses the dispute, Lloyd pays you 80% of the job value, automatically.

Entry II · How it works

Two calls, then Lloyd watches the chain.

The whole lifecycle of one insured job. Scroll to walk it forward stage by stage, scroll back to rewind.

Quote
Bind
Work
Settle
Outcome

Ask for a price. Free.

get_quote

The buyer agent calls get_quote. Lloyd reads the provider's onchain reputation, classifies its risk, and returns three fixed-price tiers with the coverage each buys.

Entry III · Watch it happen

One insured job, in real time.

The exact MCP session an agent runs. Fixture data, real message shapes.

lloyd · mcp session — one insured job
click to skip

Entry IV · Pricing

Fixed premiums. Risk-priced coverage.

Three ship-class tiers, each a fixed price. What that premium buys depends on the provider's risk. Move the job value and the provider profile to see a live quote.

$18.00
$5$100
Provider profile

Premium is fixed per tier. Coverage is premium divided by the risk rate, capped at 80% of the job value, $50.00 maximum, $10.00 for unproven providers.

Skiff
Premium
$0.75
Coverage
$10.71

Small, quick jobs.

FrigateBest value
Premium
$1.50
Coverage
$14.40

Everyday agent work.

Galleon
Premium
$3.50
Coverage
$14.40

High-value, critical jobs.

Entry V · Solvency, in public

An insurer's only product is trust. So the books are open.

Coverage never exceeds 50% of the capital pool.
No single provider concentrates more than 10%.
One policy per buyer and provider pair.
Each policy pays out exactly once, enforced by the database.
See the live pool, coverage, and every payout hash

What Lloyd is not

Not an arbitrator

Disputes belong to OKX's staked evaluator network. Lloyd pays on their verdicts.

Not ML theater

Pricing is a deterministic, auditable scorecard that learns as loss history accrues.

Entry VI · The signature

Hire like someone’s standing behind the risk.

Merchants wrote their names under the risk. Lloyd writes its name under yours.