Tidal Finance Monthly Review — April 2021

Another eventful month has come to an end at Tidal.

April was jam-packed with amazing events, including the Tidal Testnet launch, multiple partnerships with leading DeFi projects, grants, and series for the community.

The team is here to give you what our April looked like at a glance!

Tidal Finance Launches

Tidal Testnet Launch

Tidal Finance Launched its Testnet Program with a $10,000 reward pool for engaging in activities such as selling cover, buying cover, etc. The testnet period is from 19 April to 8 May 2021.

This testnet will offer the team enough data points to test the platform’s robustness.

For more info, read here.

Tidal Testnet LIVE

The first testnet version of Tidal Finance is up and running. Tidal got an overwhelming response for the testnet selection process, and have selected 500 Tidal supporters to be the first ones to test out Tidal’s cutting edge mutual cover pools and unique asset coverage features.

For more info, read here.

Tidal Tech Series — Capital Leverage

With Tidal Finance’s product release approaching and the testnet launch just days away, Tidal started a new educational series talking about unique features of Tidal Finance.

Capital leverage and efficiency is a core piece of Tidal’s design.

For more info, read here.

Tidal-Uniswap Liquidity Rewards Program

Tidal-Uniswap Liquidity Rewards Program enters a new month. Tidal is delighted to announce that the Tidal ecosystem liquidity mining program is currently live on Uniswap and rewards for the first Tidal Liquidity mining program was distributed on May 1.

For more info, read here.

Grants

Tidal Finance Receives a Significant Grant from Polygon through their developer support program, strengthening the alliance to make DeFi safer and accessible to all.

Polygon is a Layer 2 scaling solution backed by Binance and Coinbase.

For more info, read here.

Partnership Developments

Xend Finance partnership

Tidal Finance partners with Xend Finance to provide asset insurance.

Through this collaboration, Tidal will offer mutual cover pools to the Xend Finance platform’s assets. All assets and smart contracts on Xend Finance operate by converting savings to stablecoins and investing it in AAVE, Compound, and Balancer will be insured against by Tidal Finance.

For more info, read here.

Chain Guardians partnership

Through this collaboration, Tidal will be able to provide Chain Guardians’ users a type of platform security wherein they can buy insurance for their NFT assets on the platform.

The Chain Guardians team will employ Tidal’s decentralized insurance model to help manage risk and create a fail-safe mechanism for users in case of unforeseen events.

For more info, read here.

HOPR Partnership

Tidal Finance partners with HOPR to insure payment solutions and protect users’ metadata.

Through this collaboration, Tidal will provide the HOPR network a whole new layer of platform security through asset insurance. Tidal’s mutual cover pools will ensure that HOPR’s layer-2 payment solutions are sufficiently insured against smart contract attacks.

For more info, read here.

Oasis Network Partnership

Tidal Finance partners with Oasis Network to provide Decentralized Insurance and Integrate Anonymous Claims Processing.

Through this partnership, Tidal Finance will provide decentralized asset insurance to lending protocols and DEXs that will be integrated into the Oasis Network in the coming months.

For more info, read here.

Polkalokr Partnership

Tidal Finance partners with Polkalokr to integrate token locking mechanism and provide decentralized insurance.

Tidal Finance will implement its asset risk coverage protocol to the Polkalokr ecosystem in order to protect the platform users from malicious actors or hacks. The mutual cover pools will ensure Tidal acts as the last layer of security by fully covering the loss of any assets or value.

For more info, read here.

DAFI Partnership

Tidal Finance partners with DAFI to Integrate Synthetic Tokens and Implement Risk Coverage Features.

Through this partnership, Tidal Finance will implement its asset risk coverage offerings to DAFi and its network of synthetics providing a last layer of defense in case of hacks/malicious actors. DAFI users can buy decentralized insurance for their assets and smart contracts through Tidal by paying a small fee.

For more info, read here.

APYSwap Partnership

Tidal Finance partners with APYSwap to Provide Decentralized Insurance for Tokenized Vaults.

Through this partnership, Tidal will integrate its cross-chain insurance protocol into the APYSwap’s platform and help insure those vaults when the mainnet launch happens in summer. This integration will bring in a new class of security layer to the APYSwap platform, and increase its adoption among the user base.

For more info, read here.

And with that, we conclude our month of April.

We are always grateful to our community for being an active part of our journey and growth. Please stay tuned for even more exciting developments and events Tidal has in store for you.

TIDAL Public Channels

✳️ Official Website: https://tidal.finance/

✳️ Medium: https://tidalfinance.medium.com/

✳️ Twitter: https://twitter.com/tidaldefi

✳️ Announcements Channel: https://t.me/tidalann

✳️ Telegram Channel: https://t.me/TidalGlobal

📗Intro to Tidal Medium blog: https://medium.com/tidal-finance/introducing-tidal-open-marketplace-for-programmable-insurance-1a48b1d497eb

Tidal, Open Marketplace for Programmable Insurance building on Polkadot ecosystem tidal.finance

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