Dear Community,

Crypto doesn’t sleep, and neither do we! The past couple of weeks have really flown by! You asked, so we listened. We’ve been busy keeping our heads down adding new features, partnerships, product updates, and more! Moving forward we will be providing Bi-Weekly updates to our community. In this report, we’ve broken down our progress into 4 categories:

  1. Marketing activities.
  2. Ecosystem business growth.
  3. Product development.
  4. Security measures.

Marketing activities

Since we are providing service directly to protocol teams, we have added direct support to their community through discord, telegram, community calls. This includes weekly reserve levels, coverage status…


On a journey to bring protocol insurance to the industry, we are proud to announce another partner to join the covered ecosystem. With our flexible weekly subscription coverage plan, Tidal Finance has Solv Finance covered. Rest assured, Solv Finance has taken great deal of precaution by insuring their project and combining it with auditing from SlowMist.

In the pursuit of higher protocol security, Solv has purchased $1-million USD worth of insurance coverage through Tidal Finance. The current plan covers smart contract vulnerabilities deployed on Ethereum and Binance Smart Chain. …


Previously we shared with you how our guarantor pool works, in short, the pool acts as a vote of confidence from the protocols for their backers. The higher the allocation to the Guarantor Pool, the higher signal to the market that the protocol has skin in the game.

The StaFi guarantor pool is currently open for any $FIS holder to deposit and earn. 5% of StaFi’s weekly premium is rewarded to this pool as well as $115 USD TIDAL token. There are 21,604 FIS tokens in the current pool earning over 12% APR in TIDAL and 5.2% APR in USDC…


Tidal is thrilled to announce that the BlockSec Team is joining our risk assessment and claims committee. The BlockSec Team will provide support via post mortem analysis, assisted recovery for insured parties, real time monitoring, threat intelligence, research, and an enhanced risk assessment methodology just to name a few.

BlockSec is on the bleeding edge of security with several zero-day Defi vulnerabilities under their belt. In addition to 0-days, the brilliant minds at BlockSec have published multiple papers on blockchain security, Defi security, and trusted computing in countless prestigious security conferences.

The BlockSec Team has published a free tool for…


In Tidal Finance’s effort to bring safety to the ecosystem, we are proud to announce another partner to join the covered ecosystem. With the weekly flexible subscription coverage plan, Tidal Finance is covering their smart contract risk with vetted auditing from Peckshield and Blocksec, as well as a bug bounty program rewarding up to $94,000.

Impossible Finance is purchasing $1 million USD-worth coverage through Tidal Finance to cover their protocol’s safety. In case of a payout event, the coverage amount will be directly paid to the Impossible Finance team to facilitate a speed recovery of their users’ funds.

The current…


In Tidal Finance’s effort to bring safety to the ecosystem, we are proud to announce another partner to join the covered ecosystem. With the weekly flexible subscription coverage plan, Tidal Finance is covering their smart contract risk with vetted auditing from Halborn Security.

EasyFi Protocol is purchasing $1 million USD-worth coverage through Tidal Finance to cover their protocol’s safety. In case of a payout event, the coverage amount will be directly paid to the EasyFi team to facilitate a speed recovery of their users’ funds.

The current coverage plan covers EasyFi’s smart contract vulnerabilities that are deployed on the Polygon…


In Tidal Finance’s effort to bring safety to the ecosystem, we are proud to announce another client to join the covered ecosystem. With our first-in-the-industry weekly flexible subscription coverage plan, Tidal Finance is covering the bZx smart contract risk which has had seven audits since 2018, with the most recent auditing from firms Peckshield and Certik in September 2020. bZx also has an active bug bounty program rewarding up to $350,000.

bZx Protocol is purchasing $1 million USD-worth coverage through Tidal Finance to cover their protocol’s safety. …


What has been missing in the DeFi insurance industry is insurance platforms that have been functioning solely from protocol teams, which causes a lot of inefficiency in the ecosystem — insurer (reserve provider) being not confident backing up protocols, prolonged claim and payout process.

Now with the Tidal Finance mainnet launch, we are excited to announce phase 3 — the Guarantor Program! This completes Tidal’s insurance ecosystem with protocol teams and their community’s participation.

The more protocol tokens are allocated to the guarantor insurance pool, the greater confidence the public attributes to the safety of their crypto TVL staking activity…


In Tidal Finance’s effort to bring safety and security to the DeFi ecosystem, we are proud to announce Xend Finance as another partner joining our covered ecosystem. With the weekly flexible subscription coverage plan, Tidal Finance is covering their smart contract risk with vetted auditing from firms Certik and Tech Rate, performed across January 27th, 2021 to April, 21st 2021.

Xend Finance is a DeFi and stable cryptocurrency savings platform for Credit Unions, Cooperatives, and Individuals.

Credit Unions, Cooperatives and Individuals anywhere in the world can convert their local currency to stable cryptocurrencies and earn compound interest — up to…


In Tidal Finance’s effort to bring safety to the DeFi ecosystem, we are proud to announce StaFi to the covered ecosystem. With the weekly flexible subscription coverage plan, Tidal Finance is covering their smart contract risk which includes the added layer of security from vetted auditing firms PeckShield and CertiK across January 2021.

StaFi is an open protocol that provides the ability to stake PoS tokens receive rTokens in return, which are available for trading, while still earning staking rewards. This infrastructure focuses on solving layer 0 problems across scalability, decentralization, and anonymity.

StaFi Protocol supports Tidal Finance’s launch with…

Tidal Finance

Tidal Finance is the first flexible DeFi insurance platform and marketplace offering the highest APYs in the industry. https://tidal.finance/

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