Tidal Finance is a decentralized finance insurance platform that offers a marketplace for users to purchase coverage against smart contract failures and crypto-related risks. By providing competitive annual percentage yields, it allows users to earn returns while safeguarding their digital assets from potential losses.
Funding
$5.6M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
In the decentralized finance (DeFi) space, users face risks from smart contract vulnerabilities, de-pegging events, slashing penalties, and even insolvency, potentially leading to significant financial losses. Traditional insurance models are often inefficient and lack the flexibility needed to cover the diverse range of risks present in DeFi.
Solution
Tidal Finance offers a customizable DeFi insurance marketplace where users can purchase coverage against a variety of crypto-related risks. The platform enables security professionals, project teams, and liquidity funds to create insurance pools and policies with flexible durations, premiums, and payout conditions. Digital asset holders can then select from a wide range of protection policies, including coverage for smart contract failures, de-pegging events, slashing, and insolvency. Capital providers benefit from a leveraged design that aggregates premiums from multiple policies into a single collateral pool, generating high yields for liquidity providers.
Target Audience
Tidal Finance targets digital asset holders seeking protection against DeFi risks, security professionals and liquidity funds looking to create and manage insurance pools, and project teams aiming to attract liquidity by offering insurance coverage.
Features
- Customizable insurance pools with flexible durations, premiums, and payout conditions
- Coverage for smart contract vulnerabilities, de-pegging events, slashing, and insolvency
- Leveraged design that aggregates premiums into a single collateral pool for higher yields
- Marketplace connecting underwriters with digital asset holders seeking protection
- Support for multiple asset types