Tidal Finance partners with HOPR for Decentralized Insurance and Data Privacy
Tidal is pleased to announce its partnership with HOPR. The HOPR protocol provides network-level and metadata privacy for every type of data exchange, while introducing the first-ever open incentivized mixnet, where users earn tokens for running nodes
Tidal Finance is making DeFi safer by building the first customizable smart contract cover marketplace powered by the Polkadot platform.
Tidal lets users choose risk pools depending on their risk appetite, and filter it through a combination of protocols/assets and their coverage terms (premium, cover period, etc). At the same time, liquidity providers can invest in pools that suit their risk/reward ratio.
Through this collaboration, Tidal Finance will offer an extra layer of security to HOPR’s layer-2 payment system by way of decentralized insurance. HOPR users and token holders will be able to further protect themselves through Tidal’s mutual cover pools. HOPR in turn can bring vital data and metadata privacy services to Tidal users, liquidity providers, and insurance buyers.
HOPR can protect Tidal users’ data, metadata, and identities
HOPR isn’t just another on-chain privacy solution that supports blockchain transactions but a general network-layer protocol that allows users to exchange data. HOPR provides essential and compliant network-level metadata privacy for everyone.
However, HOPR’s layer-2 payment system, like any smart contract securing a large amount of assets, is a potential target for hackers. HOPR’s partnership with Tidal Finance further protects the system against such attacks by way of decentralized insurance covers.
This partnership will also be mutually beneficial to Tidal Finance since HOPR will bring a new level of data privacy to Tidal users. Liquidity providers and insurance buyers can protect their identities while using the Tidal platform thanks to HOPR’s robust metadata privacy services.
As a result of this collaboration, the HOPR token will be added to the Tidal risk pools. This will enable Tidal Liquidity Providers to earn additional returns by providing insurance for it. As more protocols are added to the Tidal risk pools, LPs will have more options to deploy their capital.
The HOPR protocol provides network-level and metadata privacy for every type of data exchange, while introducing the first-ever open incentivized mixnet, where users earn tokens for running nodes.
HOPR Website: https://www.hoprnet.org
HOPR Twitter: https://twitter.com/hoprnet
HOPR Telegram: https://t.me/hoprnet
HOPR Announcements: https://t.me/HOPRannouncements
About Tidal Finance
Tidal Finance makes DeFi safer by providing insurance coverage for assets across chains in custom balanced liquidity pools. Tidal is a Balancer-like insurance market built upon Polkadot that allows users to create custom insurance pools for one or more assets.
With Tidal, users can choose risk pools depending on their risk appetite, and filter it through a 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.
Follow Tidal’s public channels for future updates:
☂️ Official Website: https://tidal.finance/
☂️ Medium: https://tidalfinance.medium.com
☂️ Twitter: https://twitter.com/tidaldefi
☂️ Telegram: https://t.me/TidalGlobal
☂️ Announcements Channel: https://t.me/tidalann
📗 Tidal Gitbook Whitepaper:https://docs.tidal.finance/whitepaper