Oasis Foundation announces implementation of Tidal DeFi insurance platform A renewed focus on DeFi could drive traffic for the Oasis Network. 4716 Total views News
The Oasis Foundation, an offshoot of Oasis Network developers Oasis Labs, announced in a blog post on Friday that decentralized finance (DeFi) insurance and coverage provider Tidal Finance will be implementing a version of their platform on the Oasis Network.
The blog post noted that insurance will be important for users of the platform as Oasis scales its DeFi offerings, and that by working with Oasis’ “confidential smart contracts” Tidal will be able to deploy new claims methods, such as “anonymous, democratized voting” that preserves voters and user privacy.
Despite all the benefits that DeFi offers, there are some problems and challenges that should be addressed. The future success of the ecosystem depends on accurate and secure data that is free from manipulation and thus less vulnerable to exploits, which requires the implementation of quality-control mechanisms. Improving transaction speeds and the peer-to-peer aspect also remain among the important issues in order to gain wider adoption and sustainability to the industry.
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Undoubtedly, Ethereum has been overtaking Bitcoin (BTC) as the leading DeFi protocol infrastructure and network. Nonetheless, some experts state that “it’s hard to imagine a future where BTC is not used in DeFi products,” while others claim that Bitcoin “will eventually be forced to break its 21-million supply limit to remain sustainable and relevant” as DeFi keeps growing and flourishing. Cointelegraph reached out to experts in the DeFi space for their opinions on the following question:
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Insurance marketplace Tidal Finance raises additional $1.8 million Eth2 stakers and validators can soon purchase cover using Tidal’s slashing insurance for proof-of-stake protocols.
Tidal Finance, a Polkadot-based insurance platform, today announced an additional $1.8-million investment round to launch its decentralized insurance marketplace in the coming month. Investors in this oversubscribed strategic raise include Spartan Capital, Hypersphere Ventures, Kenetic Capital and QCP capital. To date, Tidal Finance has raised a total of $3.8 million for protocol and ecosystem development.
“Insurance solutions are in high demand as high-value smart contract hacks have become more prevalent. While the total value locked in DeFi is approaching $40 billion, less than 3% of the assets are insured because of the limited availability of insurance. Tidal fills this gap by employing risk management strategies similar to traditional insurance companies t
KR1 plc - Investment: Tidal Finance
PR Newswire
Investment: Tidal Finance
KR1 plc (KR1:AQSE), a leading digital asset investment company, is pleased to announce that the Company has invested a total of US$200,000 in the Tidal Finance project in return for 222,222,222.22 Tidal ( TIL ) tokens. KR1 took part in Tidal Finance s funding round alongside investors such as Hypersphere Capital and NGC Ventures.
Tidal is a decentralised insurance marketplace built on Polkadot, which allows users to create custom cover pools for digital assets. By rewarding pool creators with a portion of the return from deposits, Tidal maximizes capital efficiency and thereby attracts professional liquidity providers. In turn, the capital efficiency allows for more competitive offering of cover premiums, attracting potential buyers.