Tidal Finance Partners with Rai Finance to bolster platform security and expand liquidity pools

Tidal Finance is striving towards simplifying DeFi for platform users by leveraging PolkaDot Network to the truest potential. In the same capabilities to revolutionize the DeFi landscape, Tidal Finance and Rai Finance are strategically collaborating to promote enhanced security in the ever-dynamic DeFi sphere.

Tidal Finance will be offering customizable smart contract cover solutions to users from Rai Finance’s ecosystem, thus redefining top-notch safety and security by employing cutting-edge technological innovation. Whilst Tidal Finance provides extended security solutions through smart insurance cover solutions, Rai Finance users’ exposure to potential hacks and malicious threats will decrease significantly, fueling adoption.

The ongoing rise in the Rai Finance’s treasury insurance funds will allow users to employ Tidal’s liquidity pool in order to earn additional yields. Rai Finance is known to provide the best liquidity across different blockchain networks, therefore with Tidal’s integration; users will actively participate in Tidal’s liquidity pools and risk pools in order to earn lucrative incentives.

Tidal Finance will also allow the creation of customized insurance pools by users to meet the buyers, and liquidity providers demand. In order to fuel DeFi adoption to the mainstream, security solutions play a significant role in reshaping the current landscape. With Tidal and Rai Finance’s partnership, we are inching one step closer to revolutionizing DeFi for platform users and its accessibility.

While discussing the future of this partnership, Chad Liu, the Co-founder of Tidal Finance said,

“As DEX attracts more users and liquidity, security and safety also becomes one of the top priorities. I am very glad to see Rai Finance is adopting insurance solutions to address their users’ concern. Tidal would be a great source for Rai Finance to tap into insurance capital.”

Keonho Lee, the CEO at Rai Finance, expressed on how this partnership would revolutionize the DeFi landscape saying,

“By having a collaboration with Tidal, Rai Finance users will be able to get protection from protocol hacks. As soon as I had a chat with Chad, we immediately shared the vision of DeFi and the needs of insurance in the ecosystem as we’ve been watching a lot of hacks and security issues on various protocols. I’m confident we can give end users more freedom on their digital asset transactions with this partnership.”

About Rai Finance

RAI Finance is a protocol designed to provide DeFi with a wider range of assets, a higher amount of liquidity, and a diverse set of financial use cases. By combining this feature set with the cross-chain compatibility of the Polkadot ecosystem, Rai finance will be able to eliminate fragmentation across the existing DeFi ecosystem, bring in a range of new assets and drastically improve liquidity to decentralized finance.

About Tidal Finance

TIDAL is a Balancer-like insurance market leveraging Polkadot that allows users to create custom insurance pools for one or more assets. It employs an open marketplace to increase capital efficiency by promoting fair competition amongst different pools.It utilizes Polkadot’s shared security model to ensure high resilience and forkless upgrades.

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