Tidal Finance

About Tidal Finance

{"time":1704989003000,"blocks":[{"data":{"level":6,"text":"Highlights"},"type":"header"},{"data":{"items":["Tidal Finance is the first flexible DeFi insurance platform and marketplace.","It stands out due to the fact that it empowers protocol teams to automatically insure their users while offering the highest APYs in the industry.","Tidal Finance offers a high number of innovative and unique features."],"style":"unordered"},"type":"list"},{"data":{"level":6,"text":"Product"},"type":"header"},{"data":{"level":1,"text":"Tidal Finance is a project that established a decentralized insurance marketplace in the DeFi space."},"type":"header"},{"type":"paragraph","data":{"text":"This is created with the goal of connecting insurance sellers and buyers to cover smart contract hacks risks.\r\nTidal offers a number of innovative and unique features:"}},{"data":{"items":["Over-leveraged mutual coverage pools\r\nA set of protocols all backed by a common over-leveraged reserve to increase capital efficiency.","Auto renewals coverage plan\r\nCover buyers can pre-fund their wallets and have their cover be auto-renewed on a weekly basis.","Guarantor Staking Pool\r\nEach protocol in the mutual coverage pool has its own gaurantor staking pool. Protocol team and their token holders can stake tokens to compensate reserve providers under payouts solely related to their own protocol.","Tidal Staking Pool\r\nTidal tokens can be staked in a pool to act as another compensation source to the reserve providers for Tidal staking rewards."],"style":"unordered"},"type":"list"},{"data":{"level":6,"text":"Problem"},"type":"header"},{"data":{"level":1,"text":"The locked-up pool of insurance reserve capital is underutilized, and the long-term capital investment is low."},"type":"header"},{"type":"paragraph","data":{"text":"Additionally, without the implementation of token rewards to artificially boost yield, insurance products struggle to reach a 1% APY from contract premiums."}},{"data":{"level":6,"text":"Solution"},"type":"header"},{"data":{"level":1,"text":"Tidal Finance is a decentralized discretionary mutual cover protocol that offers the DeFi community the ability to hedge against failure of any DeFi product or asset."},"type":"header"},{"type":"paragraph","data":{"text":"Through tidal, multiple cover pools can be created where Reserve Providers (RPs) can stake their stablecoins to provide reserve capital to any pools.\r\nThey are incentivized through stable coin premium paid by cover buyers and the $TIDAL governance token."}},{"data":{"level":6,"text":"Business Model"},"type":"header"},{"data":{"level":1,"text":"Tidal will implement a Guarantor concept to provide additional capital to cover the risk."},"type":"header"},{"type":"paragraph","data":{"text":"Guarantor capital will be used as the first source of funds to pay out the insurance claims ahead of capital supplied by regular service providers.\r\nThis will, in turn, allow founders of new projects to act as Guarantors on their own project and earn yield from cover premium while also attracting other regular LPs to provide coverage."}},{"data":{"level":6,"text":"Market"},"type":"header"},{"data":{"level":1,"text":"The main competitors include Nexus Mutual, Insurance, and Risk Harbor."},"type":"header"},{"type":"paragraph","data":{"text":"Tidal has a competitive advantage due to the fact that it is the only insurance platform that allows protocol teams to directly insure their users."}},{"data":{"level":6,"text":"Investors"},"type":"header"},{"data":{"level":1,"text":"Tidal Finance has raised a total of $2M in funding over 1 round."},"type":"header"},{"type":"paragraph","data":{"text":"Notable investors include Spartan Group, KR1, Hypersphere, Kenetic, AU21 Capital, NGC Ventures, QCP Capital, BZX, Easy Fi, StaFi, Xend Finance, and Marlin."}},{"data":{"level":6,"text":"Team"},"type":"header"},{"data":{"items":["Chad Liu (Co-Founder and CEO)","Dan Raykhman (CTO)"],"style":"unordered"},"type":"list"},{"data":{"level":6,"text":"Token Utility"},"type":"header"},{"data":{"level":1,"text":"Tidal Protocol embraces a fully transparent and fair governance process through the $TIDAL token."},"type":"header"},{"type":"paragraph","data":{"text":"The $TIDAL token governs all aspects of the Tidal Protocol. Owners of this token are able to submit and vote on protocol governance and decide the payout of emergency reserve capital for payment of claims held in the Tidal treasure wallet.\r\nActive Tidal platform users are also able to stake $TIDAL tokens in exchange for staking rewards."}}],"version":"2.27.2"}