### What is Tidal Finance?

Tidal Finance is a decentralized finance (DeFi) platform that provides a marketplace for risk hedging contracts through customizable insurance pools. These pools are designed and managed by various stakeholders including underwriters, security professionals, project teams, and liquidity funds. The platform enhances capital efficiency and offers protection across multiple blockchain networks such as Ethereum, Polkadot, and Polygon.

### How does Tidal Finance work?

Tidal Finance operates as a decentralized insurance marketplace utilizing blockchain technology to enable the creation and management of custom insurance pools. It uses smart contracts to automate and secure the underwriting process, allowing insurers to create policies tailored to the specific risks associated with different digital assets. The platform employs innovative risk sensing and pricing mechanisms, using external data sources to ensure accurate insurance pricing.

### What are the potential use cases for Tidal Finance?

Tidal Finance has several use cases, including:

1. **Insurance for DeFi Projects:** Protects against risks like protocol insolvency and asset de-pegging.
2. **Validator Protection:** Offers insurance for validators on Proof of Stake networks against risks such as slashing.
3. **Cross-Chain Asset Protection:** Provides insurance coverage across multiple blockchain networks.
4. **Real-World Applications:** Aims to extend insurance offerings beyond the crypto space to traditional scenarios.

### What is the history of Tidal Finance?

Tidal Finance was founded by Chad Liu with the goal of creating a risk hedging solution for the DeFi ecosystem. Launched in 2021, it has received $3.8 million in funding from several venture capital firms. Tidal Finance released its second version, which introduced improvements such as enabling third-party insurers to create their own insurance pools on the platform. The platform is supported by various blockchain networks, promoting cross-chain compatibility and security.

Tidal Finance

Deposits and withdrawals are not currently available for this coin.

Important Notice

Uniswap

Aave

Rocket Pool ETH 

NEXO

PancakeSwap

Curve DAO

Lido DAO

Injective

JUST

Sun Token

Olympus

Pendle

Binance Wrapped BTC

Raydium

Compound

1inch

THORChain

Fluid

Tidal Finance (TIDAL)

Similar Coins

DAI

UNI

AAVE

RETH

NEXO

CAKE

CRV

LDO

INJ

JST

SUN

OHM

PENDLE

BBTC

RAY

COMP

1INCH

RUNE

FLUID

Resources

Tidal Finance (TIDAL) Price Index

Tidal Finance Price

Trading volume

Market cap

Resources