Tidal Finance partners with APYSwap to Provide Decentralized Insurance for Tokenized Vaults
Tidal Finance is delighted to join hands with APYSwap, a protocol for decentralized cross-chain exchange of shares of Tokenized Vaults. APYSwap implements a delegation function for user assets and provides a marketplace for trading financial assets.
Tidal Finance is a high-yield insurance platform that allows users to buy and sell insurance for their assets and smart contracts across multiple chains.
Through this partnership, Tidal Finance will provide decentralized asset insurance to APYSwap’s tokenized vaults and the assets locked in them.
Mutual Cover Pools and Tokenized Vaults
APYSwap allows users on multiple blockchains (initially Ethereum, Polkadot and Binance Smart Chain) to create and control their native blockchain vaults and transfer the ownership to third parties. Users may also benefit from passive income without actively managing their portfolio.
Tidal Finance is making DeFi safer by building the first customizable smart contract cover marketplace powered by the Polkadot platform. Users can pay a small insurance premium in order to secure their assets against hacks/attacks and minimize risk exposure.
APYSwap provides users with tokenized vaults, which they can use to lock liquidity in and then exchange the shares of those 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.
Tidal Finance happily welcomes APYSwap into its ever-growing ecosystem, as we work towards making DeFi safer.
APYSwap is a protocol for the decentralised exchange of shares of Tokenized Vaults.
It achieves this through the creation of a Layer 2 blockchain where users can trustlessly swap accounts & assets from multiple Layer 1 blockchains. Including Ethereum, Polkadot, HECO, and Binance Smart Chain.
About Tidal Finance
Tidal Finance makes DeFi safer by providing insurance coverage for assets across chains in custom balanced liquidity pools. With Tidal, Users can select risk pools by choosing any combination of protocols/assets and their coverage terms (premium, cover period, etc). Liquidity Providers, on the other hand, can invest in pools that suit their risk/reward ratio.
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