Royale Partners with DeFi Insurance Industry Disruptor TIDAL Finance
Royale, an iGaming DeFi protocol, joins forces with Tidal.finance, a multi-chain open market for programmable insurance.
The tide is high but I’m holdin’ on. $ROYA’s gonna be your number one…
We are in the party spirit here today, celebrating Royale’s first big partnership day. First, a few hours ago, we announced our upcoming public round raise on Polkastarter. Now we are ecstatic to announce our brand-new partnership with TIDAL, the Polkadot-powered multi-chain open market for programmable insurance. We are excited to collaborate with the Tidal team and leverage our common goal to achieve wider adoption of decentralized finance (DeFi).
Literally a force of nature, TIDAL aims to bring their seasoned insurance and blockchain insiders to an industry ripe for innovation, looking to shake up the status quo. Although there are a few DeFi insurance providers currently on the market, with Nexus Mutual notably the industry leader, Tidal.finance brings a completely distinct approach that should be more beneficial to both insurance coverage providers and seekers.
We at Royale strongly identify with TIDAL as they too are looking to disrupt an already established and lucrative mainstream industry with the future-proof tools DeFi has to offer. With our commitment to the Buyback & Make model made possible by the Balancer protocol, we were instantly intrigued by TIDAL’s proposition to create “a Balancer-like insurance market built upon Polkadot that allows users to create custom insurance pools for one or more assets.”
This unique design rewards insurance pool creators with a portion of returns from their deposits while at the same time provides competitive insurance premiums to prospective insurance buyers. At Royale, our aim is to integrate the TIDAL protocol into our platform. Not only do we intend to use TIDAL insurance markets to provide our own coverage to the monolithic Royale optimised stablecoin liquidity pool, but we also plan to make it easy for our platform users to buy their own coverage from TIDAL as well. Our developers will work closely with their team to share DeFi insights and cross-chain experience to deliver superior performance and sustained impact across our respective target industries.
We are excited to harness this tidal energy governed by the moon as we bring iGDeFi to the world and be among the first DeFi platforms to be able to offer this insurance coverage as soon as the TIDAL protocol goes live.
Royale continues its mission tidally locked in the orbit of the effulgent binary stars of our modern era, iGaming and DeFi, building an armada of blockchain partners along the way. It will be hard to follow up our first public partnership, among many to come, because this one covers more than two-thirds of the Earth’s surface. Yes, we took the tidal analogies there! That is just how amped we are about this coupling!
We look forward to the discussions and community engagements in the coming weeks ahead as both projects propel forward into the cross-chain DeFi future. Stay tuned for more information as we continue to bound from strength to strength, building a better and fairer iGaming future with DeFi.
About TIDAL
TIDAL is a multi-chain open market for programmable insurance, empowering users to create custom insurance pools for multiple assets. With pool statistics and ranking, it is the most efficient smart contract insurance market, launching on the Polkadot Ecosystem.
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About Royale
Royale Finance is an industry-focused decentralised lending protocol. Its purpose is to create Web 3.0 smart-backed funding solutions using DeFi primitives in order to support the innovation of iGaming products and platforms. The combination of iGaming returns, uncorrelated to DeFi cryptoassets but powered by base layer DeFi protocols, we call iGDeFi.
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