Tidal Finance
Published in

Tidal Finance

Solv Finance Launches a $1 million Coverage Plan Through Tidal Insurance

On a journey to bring protocol insurance to the industry, we are proud to announce another partner to join the covered ecosystem. With our flexible weekly subscription coverage plan, Tidal Finance has Solv Finance covered. Rest assured, Solv Finance has taken great deal of precaution by insuring their project and combining it with auditing from SlowMist.

In the pursuit of higher protocol security, Solv has purchased $1-million USD worth of insurance coverage through Tidal Finance. The current plan covers smart contract vulnerabilities deployed on Ethereum and Binance Smart Chain. Needless to say, this is quite momentous as this is the FIRST time DeFi insurance is being applied to the NFT sector!

Through this collaboration, we will also adopt Solv Finance’s first financial NFT use case — Solv Voucher. Solv Voucher is leveraged to mint vesting vouchers in certain cases to distribute ecosystem funds, and to provide mining incentives platform users.

Solv Finance’s reserve pool will be ready for deposit and reserve providers will be able to earn Solv policy premiums and rewards starting from the week of Sep 26th 2021. Current reserve providers could simply add this new pool to their basket and start earning rewards

Tidal Finance: Medium | Twitter | Telegram | Discord

Solv Protocol: Official Website | Twitter | Medium | Telegram | Discord

--

--

--

Tidal Finance is the first flexible DeFi insurance platform and marketplace, offering the highest APYs and gas-free transactions. The flexible insurance model allows companies to adjust their premiums on a weekly basis based on fluctuating TVLs (Total Value Locked).

Recommended from Medium

Introducing Price Level Burning!

What is Innova?

dForce is coming to Polygon!

62% of Crypto Investors Believe They’ll Get Rich — Are They Right?

Making a game with NEO + Unity: Part 3

ETH2.0 Staking Service with Blockchain Data Center

[Cointelegraph] World’s Largest Human Resources Firm Adopts Smart Contracts Platform

It’s time we regained control of our data

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
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/

More from Medium

Full-Featured Layer2 Protocol ZKSpace Bolsters User Safeguards with $1 Million Fund

Smart Yields Optimisation — SYO

One of the problems in the growing blockchain and NFT platforms is how to move digital assets…

Xcelerator December 2021 Updates: 2022 Cohort Application Open until 1/20/22 & Demo Day Recap