Rai Finance and Tidal Finance Partner to Bolster Platform Security and Expand Liquidity Pools
We are pleased to announce a partnership with Tidal Finance to improve security and expand liquidity pools.
Tidal Finance strives towards simplifying DeFi for users by leveraging the Polkadot Network to its full potential. In an effort to revolutionize the DeFi landscape, Rai Finance and Tidal Finance will strategically collaborate to promote enhanced security in a rapidly evolving DeFi industry.
Tidal Finance will be offering customizable smart contract cover solutions to users in the Rai Finance ecosystem, redefining safety and security standards by employing cutting-edge technical innovations. Through these smart insurance solutions, exposure to attacks and malicious threats will be significantly reduced for Rai Finance users, helping fuel adoption.
The ongoing rise in the Rai Finance treasury insurance funds will allow users to employ Tidal’s liquidity pool in order to earn additional yields. Rai Finance is known to provide the best liquidity across different blockchain networks. By integrating with Tidal, users will be able to participate in Tidal’s liquidity and risk pools and have the opportunity to earn lucrative incentives.
Tidal Finance will also allow users to create customized insurance pools tailored to buyers and liquidity providers' needs.
Security solutions play a significant role in reshaping the current landscape and driving adoption. Our partnership with Tidal Finance brings us one step closer to revolutionizing DeFi and accessibility for platform users.
“By collaborating with Tidal, Rai Finance users will be able to get protection from protocol hacks. As soon as I had a chat with Chad, we immediately shared the vision for DeFi and the needs of insurance in the ecosystem, as we have witnessed many hacks and security issues on various protocols. I’m confident we can give end users more freedom on their digital asset transactions with this partnership”, said Keonho Lee, CEO at Rai Finance.
“As DEX attracts more users and liquidity, security and safety also become one of the top priorities. I am very glad to see Rai Finance is adopting insurance solutions to address their users’ concerns. Tidal would be a great source for Rai Finance to tap into insurance capital”, said Chad Liu, Tidal Finance Co-founder.
About Rai Finance
Rai Finance is a protocol designed to provide DeFi with a wider range of assets, a higher amount of liquidity, and a diverse set of financial use cases. By combining this feature set with the Polkadot ecosystem's cross-chain compatibility, Rai finance will be able to eliminate fragmentation across the existing DeFi ecosystem, bring in a range of new assets, and drastically improve liquidity to decentralized finance.
About Tidal Finance
Tidal is a Balancer-like insurance market leveraging Polkadot that allows users to create custom insurance pools for one or more assets. It employs an open marketplace to increase capital efficiency by promoting fair competition amongst different pools. Tidal utilizes Polkadot’s shared security model to ensure high resiliency and forkless upgrades.