Tidal Finance partners with Kava to Provide Decentralized Insurance for Digital Assets
Tidal Finance is delighted to join hands with Kava, a cross-chain DeFi lending platform that allows users to borrow USDX stablecoins and deposit a variety of cryptocurrencies to begin earning a yield.
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 smart contract cover solutions to the digital assets in the Kava ecosystem.
Mutual Cover Pools and Digital Assets
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.
Kava is the most trusted DeFi platform by financial institutions. It offers a fully integrated suite of financial products for crypto. Powered by the world’s most powerful decentralized finance APIs, Kava enables you to securely access a robust suite of decentralized financial services in one safe and seamless integration.
Tidal will integrate its cross-chain insurance protocol into the Kava ecosystem and help insure digital assets within the platform. The integration will bring in a new class of security layer to Kava and increase its adoption among the user base.
Tidal Finance welcomes Kava into its ever-growing ecosystem, as we work towards making DeFi safer.
The Kava DeFi hub operates like a decentralized bank for digital assets, allowing users to access a range of decentralized financial services, including its native USD-pegged stablecoin USDX, as well as synthetics and derivatives. Through Kava, users are able to borrow USDX tokens by depositing collateral, effectively leveraging their exposure to crypto assets.
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://medium.com/tidal-finance
🐦 Twitter: https://twitter.com/tidaldefi
📢 Announcements Channel: https://t.me/tidalann
💬 Telegram Channel: https://t.me/TidalGlobal
📗 Tidal Whitepaper: https://docs.tidal.finance/whitepaper