May 27, 2021
Coinversation Partners with Tidal Finance for Insurance Service
We are excited to announce a strategic partnership with Tidal Finance. This partnership will enable Tidal to bring added security into the DeFi space through innovative cover solutions.
Through the collaboration we will witness the integration of the Tidal’s Insurance coverage solution for Synthetic Assets of Coinversation Protocol. This enables a close connection between the DeFi ecosystem and real world financial solutions and ensures secure data transfer.
Integration of Insurance Services for Synthetic Assets
With Coinversation, users are also able to convert minted assets into other assets by using their trading platform. Tidal will increase the security of users and their protocol usage by offering insurance, making the Coinversation ecosystem itself more secure.
Tidal will also help ensure security in the use of DEX, Collateral pools, oracles and liquidity mining. Using and trading assets that have real tangible value requires a high level of security. Tidal can protect this ecosystem with its mutual cover protocol.
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 choose risk pools depending on their risk appetite, and filter it through a 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.
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About Coinversation Protocol
Coinversation Protocol is the first synthetic asset issuance protocol and decentralised contract trading exchange. It uses the token CTO issued by Coinversation Protocol as collateral, and synthesizes any cryptocurrencies or stocks, bonds, gold and any other off-chain assets through smart contracts and oracles. The assets minted by all the users correspond to the liabilities of the entire system, and the proportion of each user’s liabilities has been determined at the time of forging, so that their respective profits can be calculated. Because such a collateral pool model does not require a counterparty, it perfectly solves the problems of liquidity and transaction depth in decentralised exchange (DEX).
