Seongyoon Kim is currently a Ph.D. student in the Actuarial Science and Risk Management Program at the University of Illinois at Urbana-Champaign. His research interests are quantitative finance, probability theory, and decentralized finance. Prior to joining the doctoral program, he obtained his Master’s degree in Mathematics at the University of Illinois at Urbana-Champaign. He is currently researching on the decentralized insurance under the supervision of Professor Feng.