PRESS RELEASE. Tidal Finance, a highly profitable insurance platform, offers coverage options against the failure of DeFi’s protocols or assets. As Tidal Finance reinvents the route of decentralized insurance, March 25 plans to engage the public with its Balancer liquidity seed pool. The flood army at Polkstarter was outnumbered 500 to 1 and received overwhelming community support. Backed by KR1, Hypersphere Ventures, Spartan Capital, Kenetic Capital, QCP Capital and AU21 Capital, Tidal Finance is integrating its decentralized smart hedging solutions across multiple protocols to protect the emerging DeFi industry from malicious threats and drive DeFi adoption. The Tidal platform allows users to bridge multiple protocols simultaneously with a greater return on investment. It also offers competitive insurance rates to its customers, attracting greater participation from deFi users.
In the framework of the mission to revitalise decentralised insurance
The DeFi landscape is currently vulnerable to hackers due to the lack of robust infrastructure solutions that allow attackers to exploit the protocol’s vulnerability. Tidal Finance is looking to hedge the risk of the platform’s users to drive the adoption of WEB3 beyond metrics. This requires the implementation of smart coverage solutions to simplify the investment in WiFi for users of multiple protocols. Tidal Finance uses a layered functionality that provides protocols, guarantors and hedge buyers with more certainty.
To accomplish the same mission, Tidal Finance is hosting a meeting on the 25th. March a public distribution on Balancer out. The Balancer Liquidity Bootstrap Pool will follow the primary DEX bid on Polkstarter. Tidal announced it on the 23rd. Mars has successfully completed an OID on Polkstarter. The registration was more than 500 times oversubscribed. The upcoming LBP sale will pay out a total of $1 billion worth of tokens.
Users of the platform can use the $TIDAL token. The TIDAL token is the core of the incentive structure of the Tidal Finance platform. It has several utilities to which the owners are entitled in case of failure of the asset or decentralized newspaper. The TIDAL token is used as a control token to vote on the various proposals that determine the resolution of the platform. Active users of the platform will also be able to deploy $TIDAL tokens in exchange for betting rewards.
Tidal Finance is poised to unlock the true potential of the DeFi by providing a protective layer to the fragile landscape of the DeFi. Simple, smart and intuitive contract insurance solutions aim to revolutionize the DeFi insurance space at breakneck speed and bring tremendous value to the DeFi economy.
The tidal retention basin at Balancer takes 25. March at 14:00 UTC. For more information, visit https://sale.tidal.finance .
Tidal Finance makes DeFi safer by providing insurance protection for assets across chains in individually balanced liquidity pools. TIDAL is a balanced insurance marketplace built on Polkadot that allows users to create their own insurance pools for one or more assets.
Tidal allows users to select risk pools based on their risk appetite and filter them by a combination of protocols/assets and their coverage terms (premium, coverage period, etc.). On the other hand, liquidity providers can invest in pools that suit their risk/return ratio.
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