TIDAL is a Balancer-like insurance market built upon Polkadot that allows users to create custom insurance pools for one or more assets. By rewarding pool creators with a portion of the return from their deposits, the maximization of capital efficiency attracts LP’s, while the offering of a competitive insurance premium attracts buyers.
TIDAL enables various market participants, LPs and protocol users to miti-gate and manage their risk exposure in a decentralized, trustless and transparent way, increasing adoption of the participating smart contract platforms, and the greater DeFi market by stimulating both insurance supply and demand. Further-more, users receive the TIDAL governance token as incentives for participation in the TIDAL ecosystem, and can vote on features of the protocol via a demo-cratic and transparent governance process.
Fri, Mar 19, 2021 3:46 AM