🏄Bi-Weekly Progress Update:
💰Deposit asset earning 25% APR , with 13% on USDC and 12% on TIDAL.
🚀Lido coverage purchase portal is live.
⬆️Frax De-peg coverage premium is decreased by 25%.
✅TIDAL staking pool reward extended for February.
https://medium.com/tidal-finance/bi-weekly-recap-jan-23rd-to-feb-3rd-b0efa57c060d
💰Deposit asset earning 25% APR , with 13% on USDC and 12% on TIDAL.
🚀Lido coverage purchase portal is live.
⬆️Frax De-peg coverage premium is decreased by 25%.
✅TIDAL staking pool reward extended for February.
https://medium.com/tidal-finance/bi-weekly-recap-jan-23rd-to-feb-3rd-b0efa57c060d
Medium
Bi-Weekly Recap — Jan. 23rd to Feb. 3rd
Dear Community,
Dear Community,
We will be attending a tweet space to discuss DeFi insurance tomorrow.
Chad Liu, our founder, will be joining the panel among other insurance protocols to discuss the current landscape and outlook.
Come join us to learn more about what we have been working on. 🙂
https://twitter.com/tidaldefi/status/1625197461433114624?s=20&t=thr9FlZ7HJokhRlnDAdbyQ
We will be attending a tweet space to discuss DeFi insurance tomorrow.
Chad Liu, our founder, will be joining the panel among other insurance protocols to discuss the current landscape and outlook.
Come join us to learn more about what we have been working on. 🙂
https://twitter.com/tidaldefi/status/1625197461433114624?s=20&t=thr9FlZ7HJokhRlnDAdbyQ
🚀🚀🚀The long wait is over, we are excited to launch Tidal V2, an on-chain de-risk platform that
1️⃣Empowers underwriters to create and manage any insurance policy
Liquidity funds, security experts, project teams can launch their own insurance pool and policies, with customizable duration, pricing, and payout terms.
2️⃣Protects digital asset holders with a wide range of policy types
Digital asset holders will have a wide range of protection policies to choose from. Smart contact protection, de-pegging, slashing, insolvency, even real world events.
3️⃣Offers diversified, high yield investment opportunities for liquidity providers
The leverage design drives multiple policies’ premiums and incentives into one collateral pool, producing high yields for the liquidity.
Additionally, liquidity providers can choose from multiple pools to participate based on risk and reward ratio, as well as underwriters’ expertises.
📒Read about the platform design
https://medium.com/tidal-finance/tidal-v2-public-testnet-launch-8c7ddbbc5c3d
🔥In terms of the release, we are currently on the public testnet on mumbai network. Community members are welcomed to try out by clicking the link below
https://tidal-angular-v2.vercel.app/get-cover
🛡Security is our top priority and we are currently undergoing our initial security audit, with a second security audit scheduled before mainnet. We will keep the community updated with the process. Meanwhile, our codebase is open for public testing.
github.com/tidalfinance/tidal-contracts-v2
❤️In conclusion, we want to thank everyone who has supported us since the beginning of our journey. V2 opens a new chapter for Tidal, and, with your help, we can’t wait to revolutionize the insurance industry with the power of web3.
1️⃣Empowers underwriters to create and manage any insurance policy
Liquidity funds, security experts, project teams can launch their own insurance pool and policies, with customizable duration, pricing, and payout terms.
2️⃣Protects digital asset holders with a wide range of policy types
Digital asset holders will have a wide range of protection policies to choose from. Smart contact protection, de-pegging, slashing, insolvency, even real world events.
3️⃣Offers diversified, high yield investment opportunities for liquidity providers
The leverage design drives multiple policies’ premiums and incentives into one collateral pool, producing high yields for the liquidity.
Additionally, liquidity providers can choose from multiple pools to participate based on risk and reward ratio, as well as underwriters’ expertises.
📒Read about the platform design
https://medium.com/tidal-finance/tidal-v2-public-testnet-launch-8c7ddbbc5c3d
🔥In terms of the release, we are currently on the public testnet on mumbai network. Community members are welcomed to try out by clicking the link below
https://tidal-angular-v2.vercel.app/get-cover
🛡Security is our top priority and we are currently undergoing our initial security audit, with a second security audit scheduled before mainnet. We will keep the community updated with the process. Meanwhile, our codebase is open for public testing.
github.com/tidalfinance/tidal-contracts-v2
❤️In conclusion, we want to thank everyone who has supported us since the beginning of our journey. V2 opens a new chapter for Tidal, and, with your help, we can’t wait to revolutionize the insurance industry with the power of web3.
Medium
Tidal V2 public testnet launch
We are excited to launch Tidal V2, an on-chain de-risk platform that
🚀V2 Launch Update: Better, Stronger, Safer.
🔥We're thrilled to share that we've successfully completed the first audit with @BlockSecTeam and have incorporated fixes to improve test coverage. See the test report here:
https://docs.tidal.finance/v2-audit-report
🙏We'd like to express our gratitude to the community members who reported bugs and suggestions. Their feedback helped us improve the latest testnet deployment.
🛡Our top priority is security. That's why we're conducting a second audit and expanding our testing coverage. Stay tuned for the results, and once the 2nd audit is complete, we'll launch mainnet.
🌊v2 is coming soon! Empowering insurers and underwriters to offer customized policies that protect project teams and end-users. We've been working with several partners to prepare for the launch. Stay tuned for more announcements!
🔥We're thrilled to share that we've successfully completed the first audit with @BlockSecTeam and have incorporated fixes to improve test coverage. See the test report here:
https://docs.tidal.finance/v2-audit-report
🙏We'd like to express our gratitude to the community members who reported bugs and suggestions. Their feedback helped us improve the latest testnet deployment.
🛡Our top priority is security. That's why we're conducting a second audit and expanding our testing coverage. Stay tuned for the results, and once the 2nd audit is complete, we'll launch mainnet.
🌊v2 is coming soon! Empowering insurers and underwriters to offer customized policies that protect project teams and end-users. We've been working with several partners to prepare for the launch. Stay tuned for more announcements!
docs.tidal.finance
V2 Audit Report | tidal
🔒 Dear community, our security audit by ConsenSys is complete! Clean report. Fixes done. Improvements made. We're thrilled! 🎉
💪We performed an incredible feat! This notable accomplishment illustrates the high quality of our programming and security measures. We'd like to thank the consensys team for their exceptional professionalism and knowledge.
👉You can read the full audit report here -
https://app.gitbook.com/o/-MPZi82kcbl3t_LXKrF8/s/-MPZiF74TECIz6QNlt5l/v2-audit-report
More details about the smart contract architecture will be shared on the blog as well.
🚀With the audit done, we are now ready to launch our mainnet and bring our vision of decentralized insurance solution to life. We have been working hard to prepare for this moment, and we can’t wait to share it with you all.
Stay tuned for more updates and announcements as we get closer to the launch. Thank you for being part of our story. We are just getting started. The best is yet to come. 🙌
💪We performed an incredible feat! This notable accomplishment illustrates the high quality of our programming and security measures. We'd like to thank the consensys team for their exceptional professionalism and knowledge.
👉You can read the full audit report here -
https://app.gitbook.com/o/-MPZi82kcbl3t_LXKrF8/s/-MPZiF74TECIz6QNlt5l/v2-audit-report
More details about the smart contract architecture will be shared on the blog as well.
🚀With the audit done, we are now ready to launch our mainnet and bring our vision of decentralized insurance solution to life. We have been working hard to prepare for this moment, and we can’t wait to share it with you all.
Stay tuned for more updates and announcements as we get closer to the launch. Thank you for being part of our story. We are just getting started. The best is yet to come. 🙌
🚀 Exciting news! v2 mainnet launch approaching! A major milestone for our project.
We want to hear from our community. Cast your vote in the twitter link for the chain you're most excited to see us launch on!
https://twitter.com/tidaldefi/status/1673686094439907329?s=20
⛓ As we prepare for the launch, we're facing an important decision – which chain should we launch v2 on first? We've narrowed it down to four options: Polygon zk, Arbitrum, Optimism, and zkSync.
✅Each of these chains offers unique advantages and features. Our primary focus when selecting is on ensuring security and maximizing speed.
🤗We value your input and will announce the poll results for our mainnet launch soon. Stay tuned for updates.
Thank you for your support! #mainnet #L2 #DeFi #Insurance
We want to hear from our community. Cast your vote in the twitter link for the chain you're most excited to see us launch on!
https://twitter.com/tidaldefi/status/1673686094439907329?s=20
⛓ As we prepare for the launch, we're facing an important decision – which chain should we launch v2 on first? We've narrowed it down to four options: Polygon zk, Arbitrum, Optimism, and zkSync.
✅Each of these chains offers unique advantages and features. Our primary focus when selecting is on ensuring security and maximizing speed.
🤗We value your input and will announce the poll results for our mainnet launch soon. Stay tuned for updates.
Thank you for your support! #mainnet #L2 #DeFi #Insurance
1/ 🎉Announcing the result of our poll: we'll be launching on Polygon zkEVM!
2/ Thanks to all who participated. Excited to bring our web3 dapp to this Ethereum scaling solution.🚀
3/ Polygon zkEVM is the leading ZK scaling solution that is equivalent to EVM: The vast majority of existing smart contracts, developer tools and wallets work seamlessly. 🔄
4/ This means that our users can enjoy the benefits of zkevm, such as security, low cost, and high performance, without compromising on compatibility or user experience.👏
5/ Our team is working hard on preparing the final details for our launch on Polygon zkEVM. We will keep you updated on our progress and timeline.👷♂️
6/ Meanwhile, stay tuned for more integration, partnerships, and surprises coming in July for the mainnet launch. We have some big things in store for you!😉
We can't wait to see you on Polygon zkEVM soon!🙌
2/ Thanks to all who participated. Excited to bring our web3 dapp to this Ethereum scaling solution.🚀
3/ Polygon zkEVM is the leading ZK scaling solution that is equivalent to EVM: The vast majority of existing smart contracts, developer tools and wallets work seamlessly. 🔄
4/ This means that our users can enjoy the benefits of zkevm, such as security, low cost, and high performance, without compromising on compatibility or user experience.👏
5/ Our team is working hard on preparing the final details for our launch on Polygon zkEVM. We will keep you updated on our progress and timeline.👷♂️
6/ Meanwhile, stay tuned for more integration, partnerships, and surprises coming in July for the mainnet launch. We have some big things in store for you!😉
We can't wait to see you on Polygon zkEVM soon!🙌
1/7 🗓Exciting news in the world of crypto insurance! Keep an eye on the date - 7.17, as Tidal V2 is set to launch. This launch signifies a significant step forward in the evolution of crypto insurance.
2/7 🔧 Our team has been diligently testing the platform on the innovative Polygon ZkEVM environment. We're now ready, and excited, to bring the fruit of our efforts, Tidal V2, to the public.
3/7 🤝 What's different with Tidal V2? It’s about enhancing the way we work together. It fosters a new level of interaction between underwriters, insurers, and policyholders, supporting the seamless adoption of Web3 insurance.
4/7 🚀 The excitement amplifies as we gear up to introduce our launch partners on 7.17, along with an initial coverage pool. This gives you the opportunity to either earn yield or secure your digital assets like never before.
5/7 ⏳ As we eagerly count down to 7.17, we invite everyone to join us in the anticipation. Be one of the early adopters to experience the improvements that Tidal V2 brings to crypto insurance.
6/7 🤗 Launching on 7.17 with strong partners for an unparalleled crypto insurance experience. Earn yield or protect assets - we've got you covered.
7/7 🎉 Mark your calendars for 7.17 and prepare to be part of an exciting new chapter in crypto insurance with Tidal V2. See you there! #TidalV2Launch #717 #CryptoInsurance #Blockchain
2/7 🔧 Our team has been diligently testing the platform on the innovative Polygon ZkEVM environment. We're now ready, and excited, to bring the fruit of our efforts, Tidal V2, to the public.
3/7 🤝 What's different with Tidal V2? It’s about enhancing the way we work together. It fosters a new level of interaction between underwriters, insurers, and policyholders, supporting the seamless adoption of Web3 insurance.
4/7 🚀 The excitement amplifies as we gear up to introduce our launch partners on 7.17, along with an initial coverage pool. This gives you the opportunity to either earn yield or secure your digital assets like never before.
5/7 ⏳ As we eagerly count down to 7.17, we invite everyone to join us in the anticipation. Be one of the early adopters to experience the improvements that Tidal V2 brings to crypto insurance.
6/7 🤗 Launching on 7.17 with strong partners for an unparalleled crypto insurance experience. Earn yield or protect assets - we've got you covered.
7/7 🎉 Mark your calendars for 7.17 and prepare to be part of an exciting new chapter in crypto insurance with Tidal V2. See you there! #TidalV2Launch #717 #CryptoInsurance #Blockchain
1/7 🎉 Exciting news for the Tidal community! We're thrilled to announce the launch of Tidal Finance v2, a giant leap in our mission to redefine risk management.
2/7 With v2, we're breaking crypto insurance limitations. No more one-size-fits-all policies! Underwriters can now create custom policies that match your unique needs, with separate collateral pools.
3/7 We're excited to announce BlockSec @BlockSecTeam as our first insurance underwriter partners for v2, utilizing their extensive understanding in security to underwrite smart contract protection plans.
4/7 To begin, BlockSec insurance pool offers lowest market rate for smart contract protection on Compound v3 @compoundfinance and AAVE v3 @AaveAave on Polygon zkEVM with low transaction fees, and more policies coming soon.
https://v2.tidal.finance/get-cover
5/7 We're also introducing dedicated committee groups for each insurance pool. These groups play a key role in voting on claims and pool-related modifications, ensuring fairness, integrity, and the overall well-being of our ecosystem. Your trust matters!
6/7 Another distinguishing feature of v2 is that it can be expanded with numerous add-on modules, such as pricing computations, claim administration, and so on. We intend to become a one-stop shop for blockchain insurance underwriting after the initial launch.
7/7 Stay tuned for additional information as we enter the exciting realm of v2! We will continue to introduce new partners and policies in the coming months. Meanwhile, please visit our new website at https://tidal.finance/
More details in the blog post:
https://medium.com/tidal-finance/tidal-finance-v2-ushering-in-a-new-era-of-custom-insurance-pools-for-our-community-3bb4063481dd
2/7 With v2, we're breaking crypto insurance limitations. No more one-size-fits-all policies! Underwriters can now create custom policies that match your unique needs, with separate collateral pools.
3/7 We're excited to announce BlockSec @BlockSecTeam as our first insurance underwriter partners for v2, utilizing their extensive understanding in security to underwrite smart contract protection plans.
4/7 To begin, BlockSec insurance pool offers lowest market rate for smart contract protection on Compound v3 @compoundfinance and AAVE v3 @AaveAave on Polygon zkEVM with low transaction fees, and more policies coming soon.
https://v2.tidal.finance/get-cover
5/7 We're also introducing dedicated committee groups for each insurance pool. These groups play a key role in voting on claims and pool-related modifications, ensuring fairness, integrity, and the overall well-being of our ecosystem. Your trust matters!
6/7 Another distinguishing feature of v2 is that it can be expanded with numerous add-on modules, such as pricing computations, claim administration, and so on. We intend to become a one-stop shop for blockchain insurance underwriting after the initial launch.
7/7 Stay tuned for additional information as we enter the exciting realm of v2! We will continue to introduce new partners and policies in the coming months. Meanwhile, please visit our new website at https://tidal.finance/
More details in the blog post:
https://medium.com/tidal-finance/tidal-finance-v2-ushering-in-a-new-era-of-custom-insurance-pools-for-our-community-3bb4063481dd
🛡 Protect your assets on @compoundfinance & @AaveAave V3 for only 0.5% APR with V2's new customized insurance pools! Coverage against smart contract risks backed by audits from leading security experts @BlockSecTeam.
✅ Policies safeguarded by BlockSec's top security expertise. Enjoy robust DeFi protection secured by reputable auditing pros.
⚡️Transact securely & cheaply using @0xPolygonDeFi zk-EVM! Tidal Finance🐋brings affordable customized insurance to Layer 2. Protect your #DeFi assets now with minimal fees.
✅ Policies safeguarded by BlockSec's top security expertise. Enjoy robust DeFi protection secured by reputable auditing pros.
⚡️Transact securely & cheaply using @0xPolygonDeFi zk-EVM! Tidal Finance🐋brings affordable customized insurance to Layer 2. Protect your #DeFi assets now with minimal fees.
🔥1️⃣ We're excited to announce a new partnership between @tidaldefi and @StaFi_Protocol to offer Ethereum stakers insurance against slashing risks! This adds protection for Stafi users on top of proactive validator selection.
https://medium.com/tidal-finance/stafi-introduces-additional-protection-with-validator-slashing-insurance-bc1ee929e54a
2️⃣@StaFi_Protocol will launch a customized insurance pool through @tidaldefi's platform. This will help compensate Stafi users if their validators are slashed on Ethereum 2.0 due to misbehavior or negligence.
3️⃣Initially, Stafi will allocate significant resources to get insurance coverage protecting users against potential slashing losses. But users can also purchase additional coverage to boost the fund.
4️⃣The insurance can be purchased for just 0.3% annually of staked assets — a fraction of ETH staking rewards! This makes participating very attractive for Stafi users looking to minimize risks.
5️⃣By leveraging @tidaldefi's decentralized infrastructure, this partnership provides @StaFi_Protocol users an added layer of protection against rare but impactful slashing events on Eth2.
6️⃣We invite the community to grow the insurance fund with us as we work together to minimize staking risks and instill confidence in Stafi users!
7️⃣The tailored slashing insurance policy will launch by the end of this week! Details on how Stafi users can purchase coverage are coming soon! Exciting times ahead!
https://medium.com/tidal-finance/stafi-introduces-additional-protection-with-validator-slashing-insurance-bc1ee929e54a
2️⃣@StaFi_Protocol will launch a customized insurance pool through @tidaldefi's platform. This will help compensate Stafi users if their validators are slashed on Ethereum 2.0 due to misbehavior or negligence.
3️⃣Initially, Stafi will allocate significant resources to get insurance coverage protecting users against potential slashing losses. But users can also purchase additional coverage to boost the fund.
4️⃣The insurance can be purchased for just 0.3% annually of staked assets — a fraction of ETH staking rewards! This makes participating very attractive for Stafi users looking to minimize risks.
5️⃣By leveraging @tidaldefi's decentralized infrastructure, this partnership provides @StaFi_Protocol users an added layer of protection against rare but impactful slashing events on Eth2.
6️⃣We invite the community to grow the insurance fund with us as we work together to minimize staking risks and instill confidence in Stafi users!
7️⃣The tailored slashing insurance policy will launch by the end of this week! Details on how Stafi users can purchase coverage are coming soon! Exciting times ahead!
Medium
StaFi Introduces Additional Protection With Validator Slashing Insurance
Slashing loss refers to penalties that validators face on proof-of-stake networks like Ethereum 2.0 if they misbehave. These penalties can…
🚀 The @StaFi_Protocol ETH 2.0 slashing coverage pool is now live! Users can now protect against slashing risks by purchasing cover from the pool powered by @Tidaldefi.
🛡 Coverage can be purchased for only 0.3% of staked asset value yearly - much lower than staking yield rewards. Get protection for your staked ETH at a fraction of the cost.
⚡️ The coverage is purchasable on @0xPolygon ZK EVM for just a few cents in gas fees. Get yourself protected against slashing risks now: https://v2.tidal.finance/get-cover/sta-fi
🛡 Coverage can be purchased for only 0.3% of staked asset value yearly - much lower than staking yield rewards. Get protection for your staked ETH at a fraction of the cost.
⚡️ The coverage is purchasable on @0xPolygon ZK EVM for just a few cents in gas fees. Get yourself protected against slashing risks now: https://v2.tidal.finance/get-cover/sta-fi
📘Smart contracts are going mainstream, but hacks have cost billions. That's why smart contract protection is essential. Let's look at how @BlockSecTeam provides it 👇
https://medium.com/tidal-finance/smart-contract-hack-protection-offered-by-leading-security-auditor-c106260d8228
✅BlockSec's deep auditing expertise assesses contract risks, using tools to identify vulnerabilities and prevent hacks. They have saved tens of millions in losses for major protocols, reducing risks for protection underwriters.
🛡BlockSec offers quick claims processing and competitive rates for audited, lower-risk protocols like @compoundfinance and @AaveAave. As a leading auditor, BlockSec plans to expand protection offerings through increased due diligence and risk evaluation.
💰They leverage Tidal's infrastructure to efficiently underwrite policies and facilitate transactions between policyholders and insurers using smart contracts. Managing the protection pool also lets BlockSec earn fees as rewards.
📩Inquiries welcome for protocol and liquidity provider protection policies. Don't wait for a hack - get ahead of the curve with @BlockSecTeam's top expertise!
https://medium.com/tidal-finance/smart-contract-hack-protection-offered-by-leading-security-auditor-c106260d8228
✅BlockSec's deep auditing expertise assesses contract risks, using tools to identify vulnerabilities and prevent hacks. They have saved tens of millions in losses for major protocols, reducing risks for protection underwriters.
🛡BlockSec offers quick claims processing and competitive rates for audited, lower-risk protocols like @compoundfinance and @AaveAave. As a leading auditor, BlockSec plans to expand protection offerings through increased due diligence and risk evaluation.
💰They leverage Tidal's infrastructure to efficiently underwrite policies and facilitate transactions between policyholders and insurers using smart contracts. Managing the protection pool also lets BlockSec earn fees as rewards.
📩Inquiries welcome for protocol and liquidity provider protection policies. Don't wait for a hack - get ahead of the curve with @BlockSecTeam's top expertise!
Medium
Smart Contract Hack Protection Offered by Leading Security Auditor
Smart contracts are self-executing contracts on the blockchain containing code to facilitate, verify, and enforce agreements. However…
📢 Exciting News! 🚀 We are thrilled to share some fantastic updates with our amazing community. TIDAL token DEX is underway on Polygon through "Native X" @NativeX_fi🌐
🔄 What does this mean for you? Well, get ready to experience seamless token swaps on Polygon with minimal slippage and zero fees! 🤝 NativeX ensures that you can trade TIDAL tokens efficiently and cost-effectively.
📈 The secret behind this incredible value proposition lies in NativeX's (PMM) model, which aggregates liquidity from various decentralized exchange (DEX) pools and central exchanges (CEX).
By combining liquidity from multiple sources, NativeX maximizes efficiency and offers you the best trading experience possible. 💧💰
⏰The countdown is on. Stay tuned and get ready for the trading venue you've been waiting for, coming soon.
https://x.com/tidaldefi/status/1710114248607838247?s=20
🔄 What does this mean for you? Well, get ready to experience seamless token swaps on Polygon with minimal slippage and zero fees! 🤝 NativeX ensures that you can trade TIDAL tokens efficiently and cost-effectively.
📈 The secret behind this incredible value proposition lies in NativeX's (PMM) model, which aggregates liquidity from various decentralized exchange (DEX) pools and central exchanges (CEX).
By combining liquidity from multiple sources, NativeX maximizes efficiency and offers you the best trading experience possible. 💧💰
⏰The countdown is on. Stay tuned and get ready for the trading venue you've been waiting for, coming soon.
https://x.com/tidaldefi/status/1710114248607838247?s=20
X (formerly Twitter)
Tidal Finance 🐋 on X
📢 Exciting News! 🚀 We are thrilled to share some fantastic updates with our amazing community. TIDAL token DEX is underway on Polygon through "Native X" @NativeX_fi🌐
🚀At Tidal Finance, we are thrilled to announce the launch of a new insurance use case protecting trades on the NativeX decentralized exchange (DEX).
🛡Through our cutting-edge decentralized insurance protocol, we have specially designed a policy to insure NativeX users against financial losses resulting from potential coding exploits or vulnerabilities in NativeX's smart contracts.
🔥By pioneering this targeted use case of our adaptable insurance offerings, Tidal reaffirms its commitment to safeguarding participants across the decentralized finance ecosystem. We are proud to empower the innovative NativeX platform to provide their traders with robust protections against the uncontrollable threats posed by technical risks.
https://x.com/tidaldefi/status/1732406393653612547?s=20
🛡Through our cutting-edge decentralized insurance protocol, we have specially designed a policy to insure NativeX users against financial losses resulting from potential coding exploits or vulnerabilities in NativeX's smart contracts.
🔥By pioneering this targeted use case of our adaptable insurance offerings, Tidal reaffirms its commitment to safeguarding participants across the decentralized finance ecosystem. We are proud to empower the innovative NativeX platform to provide their traders with robust protections against the uncontrollable threats posed by technical risks.
https://x.com/tidaldefi/status/1732406393653612547?s=20
🙏Thank you @ConsensysAudits for recently introducing Tidal, which is emerging as a key insurance protocol in the web3 space.
📌As web3 matures, parametric coverage like this will be crucial infrastructure. The @ConsensysAudits article explained well how the protocol works on a high level and the various use cases it enables.
🌊Tidal providing new ways to offer coverage in a permissionless manner while aligning incentives. Users pool capital which underwrites risk collectively. Payouts come from the pool, keeping premiums low.
🛡Security has always been our top priority. We brought on auditors @ConsensysAudits to assess our smart contracts given their deep experience in auditing and defi. Their feedback has already helped us significantly improve code quality and architecture.
🔥As web3 scales, the need for reliable infrastructure rises. Tidal has an opportunity to become a core primitive by enabling risk coverage for protocols & users.
https://consensys.io/diligence/blog/2023/12/tidal-finance-crypto-native-insurance-for-a-crypto-native-economy/?utm_source=twitter&utm_medium=organicsocial&utm_campaign=2023_Dec_diligence-tidal-t0_content_content
📌As web3 matures, parametric coverage like this will be crucial infrastructure. The @ConsensysAudits article explained well how the protocol works on a high level and the various use cases it enables.
🌊Tidal providing new ways to offer coverage in a permissionless manner while aligning incentives. Users pool capital which underwrites risk collectively. Payouts come from the pool, keeping premiums low.
🛡Security has always been our top priority. We brought on auditors @ConsensysAudits to assess our smart contracts given their deep experience in auditing and defi. Their feedback has already helped us significantly improve code quality and architecture.
🔥As web3 scales, the need for reliable infrastructure rises. Tidal has an opportunity to become a core primitive by enabling risk coverage for protocols & users.
https://consensys.io/diligence/blog/2023/12/tidal-finance-crypto-native-insurance-for-a-crypto-native-economy/?utm_source=twitter&utm_medium=organicsocial&utm_campaign=2023_Dec_diligence-tidal-t0_content_content
Consensys Diligence
Tidal Finance: Crypto-Native Insurance For A Crypto-Native Economy | Consensys Diligence
This blog post discusses Tidal’s engagement with Consensys Diligence to audit the protocol’s on-chain insurance smart contracts.
The Future of Decentralized Insurance: AI & Blockchain
🤖 Discover how AI is revolutionizing insurance, from claims processing to customer service.
🔗 Learn about Blockchain's critical role in reshaping the insurance industry.
Discover more here: https://tidal.finance/resources/defi-insurance-future
🤖 Discover how AI is revolutionizing insurance, from claims processing to customer service.
🔗 Learn about Blockchain's critical role in reshaping the insurance industry.
Discover more here: https://tidal.finance/resources/defi-insurance-future
Tidal Resources
The Future of Decentralized Insurance: AI and Blockchain.
The insurance industry is at the cusp of a significant transformation, driven by the synergy of artificial intelligence (AI) and blockchain technology.