Bi-Weekly Recap — Oct. 3rd to Oct.14th

Tidal Finance
Tidal Finance
Published in
1 min readOct 19, 2022

Dear Community,

In the past few weeks, the individual user purchase portal for Compound went live, providing Compound users a safety option while earning yield. In addition, the Synthetix coverage pool has been live for deposit. As usual, biweekly report comes again with progress shown in two categories:

  1. Marketing and business growth.
  2. Product development.

Marketing and business growth

In the past week, Compound coverage portal was deployed, users can get protected at a low rate of 0.05% on a weekly basis.

Synthetix coverage pool was also set up for deposit, deposits will start to earn yield with USDC and TIDAL next week.

Reserve is currently earning around 27% APR with 9% APR USDC earning and 18% APR TIDAL earning. The current activated plans include a total coverage of 0.4 million.

Product development

  • Deployed Compound’s user coverage portal
  • Completed weekly incentives for USDC reserve pool.
  • Synthetix coverage pool is open for deposit

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Tidal Finance
Tidal Finance

Tidal Finance is the first flexible DeFi insurance platform and marketplace offering the highest APYs in the industry. https://tidal.finance/