Tidal Finance partners with Stafi Protocol to provide Asset insurance and increase platform security
Tidal Finance is delighted to announce its partnership with Stafi, a secure solution to address the conflict between the mainnet security and token liquidity in Staking models.
Through this partnership, Tidal Finance will bolster security of Stafi’s platform and help launch its initial coverage pool.
Integration of Tidal asset coverage features with Stafi Protocol
Tidal Finance is a decentralized discretionary mutual cover protocol that offers DeFi community the ability to hedge against failure of any DeFi protocol or asset.
Tidal Finance will adequately protect the smart contracts created on Stafi and develop a mechanism that provides additional yield as the insurance/their incentive can be built in. The Stafi team also intends to create future integrations into yield optimization features.
Value proposition of the Tidal-Stafi partnership
Tidal will also work closely with the Stafi team to launch its initial coverage pool. With Stafi participation, Tidal finance could offer more coverage to cover buyers and increase LP’s returns.
“I am excited to work with Stafi to offer mutual cover pools to ensure more confidence in the Stafi platform,” said Tidal founder Chad Liu.
Stafi provides a secured solution to address the conflict between the mainnet security and the token liquidity in the staking model. The token holder obtains bonded assets of equivalent value to the tokens by staking in exchange for equivalent rTokens.
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/tidalfinance
📗Intro to Tidal Medium blog: https://medium.com/tidal-finance/introducing-tidal-open-marketplace-for-programmable-insurance-1a48b1d497eb