Tidal Finance partners with Oasis Network to provide Decentralized Insurance and Integrate Anonymous Claims Processing
Tidal Finance is delighted to join hands with Oasis Network, the first privacy-enabled blockchain platform for open finance and a responsible data economy. Oasis Network powers private, scalable DeFi, revolutionizing Open Finance and expanding it beyond traders and early adopters to a mass market.
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 lending protocols and DEXs that will be integrated into the Oasis Network in the coming months.
Mutual Cover Pools and Anonymous Claims Processing
Oasis Network’s unique privacy features can not only redefine DeFi, but also create a new type of digital asset called Tokenized Data that can enable users to take control of the data they generate and earn rewards for staking it with applications — creating the first-ever responsible data economy.
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.
Through this partnership, Tidal will integrate its cross-chain insurance protocol into the Oasis Network bringing in a new class of privacy-enabled financial vehicles to the users.
Additionally, Tidal will expand its claims process to include anonymous, democratized voting on claims processing with their community. This means the community could vote on whether a particular claim should be approved in a privacy-preserving manner.
Tidal Finance happily welcomes Oasis Network into its ever-growing ecosystem, as we work towards making DeFi safer.
About Oasis Network
The Oasis Foundation (www.oasisprotocol.org) is an organization supporting the development and ecosystem surrounding the Oasis Network. The Oasis Network is the first privacy-enabled blockchain platform for open finance and a responsible data economy. Designed to give users back control and ownership of their data and financial sovereignty, the Foundation’s mission is to enable projects, developers, and community members who seek to realize this vision. To learn more about the Oasis Network go to oasisprotocol.org or follow the Foundation on Twitter or Telegram.
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