Tidal Finance collaborates with leading cross-chain DeFi operating system Reef Finance to promote smart insurance solutions
Tidal Finance is delighted to announce that its uniting forces with Reef to promote decentralized smart contract insurance solutions to drive adoption and increased security for platform users. With the recent developments, Tidal Finance is keen on fostering meaningful partnerships to unleash the true potential of DeFi.
Whilst strategically partnering with Reef, Tidal Finance aims to empower Reef users by providing smart contract covers to promote increased user-protection. It allows users to create customized insurance pools according to their demand. Reef Finance is a gamechanger in the DeFi ecosystem, leveraging Polkadot to offer smart liquidity aggregator solutions and an AI-driven Yield engine that allows users to access liquidity from CEXes and DEXes in a seamless and decentralized manner. The users can also seamlessly transfer their insurance contracts via tradable insurance tokens without much of a hassle.
Tidal Finance is striving towards revolutionizing the DeFi insurance market by promoting smart insurance contract cover solutions with the idea of making DeFi safe and secure. Simultaneously, it aims to promote cost-effective solutions amidst the prevalent options in the current DeFi sphere.
Tidal Finance synergizes with Reef Finance as it follows a similar vision of ensuring user-funds safety in the most efficient manner. It is keen on overcoming smart contract threats and integrating risk-management strategies in the DeFi landscape. With the increased momentum in the genesis of new-age DeFi platforms, malicious actors have been a primary threat in hampering the ongoing adoption by discovering and exploiting bugs. By integrating Tidal Finance into Reef Finance’s product ecosystem, it aims to reinforce a trust factor and reliability in the dynamic DeFi landscape. Tidal Finance will not only allow users to create custom insurance pools but will also reward users for pool creation while offering competitive insurance solutions.
While advocating about the nuances of the partnership, Chad Liu, Co-founder at Tidal Finance said,
“I am excited to work with Reef Finance, one of the leading players in the Polkadot DeFi ecosystem,”
The CEO of Reef Finance, Denko Mancheski elucidated on the viability of the partnership saying,
“Participating in Tidal pools will allow Reef users to get protected from protocol hacks. With Tidal’s pooling concept to protect a group of protocols together, capital reserve could be utilized more efficiently to provide the cover purchaser a low premium. At the same time, risk could be managed by having multiple protocols in the same pool not exposing to the same hack event.”
Tidal Finance will continue to strategize valuable partnerships that derive immense value to the community and the DeFi ecosystem. In case if there are any queries or questions, please reach us out at “email”
About Reef Finance
Reef is the first cross-chain DeFi operating system built on Polkadot. With a seamless user interface, Reef offers its users a smart liquidity aggregator and yield engine that enables trading with access to liquidity from both CEXes and DEXes while offering smart lending, borrowing, staking, mining through AI driven personalized Reef Yield Engine.
About Tidal Finance
TIDAL is a Balancer-like insurance market leveraging Polkadot that allows users to create custom insurance pools for one or more assets. It employs an open marketplace to increase capital efficiency by promoting fair competition amongst different pools. It utilizes Polkadot’s shared security model to ensure high resilience and forkless upgrades.
Follow our Tidal public channels for future updates:
☂️ Official Website: https://tidal.finance/
☂️ Medium: https://medium.com/tidal-finance
☂️ Twitter: https://twitter.com/tidaldefi
☂️ Telegram: https://t.me/TidalGlobal
☂️ Announcements Channel: https://t.me/tidalann
📗 Tidal Gitbook Whitepaper: https://tidal.gitbook.io/tidal-gitbo