TIDAL FINANCE BECOMES FIRST PROTOCOL INSURANCE PROVIDER FOR POLYGON PROJECTS

Dear community,

We are very excited to announce an important collaboration with Polygon to increase the safety of its ecosystem projects. This will create an incentive program to attract more coverage providers and safeguard the insurance policy.

Supply and demand has been a challenging issue for DeFi Insurance providers, as offering affordable insurance prevents coverage providers from generating a high yield. Tidal offsets this imbalance by allowing capital leverage as well as additional token incentives to increase capital return. However, too much token incentive could lead to price depreciation, and create too much of a burden for any project, especially at an early stage.

Polygon, a thriving ecosystem, is another leading example in solving this challenge in DeFi insurance. With additional MATIC tokens as part of the rewards, coverage providers will be able to sustain high earnings while taking the risk backing up projects in the ecosystem. Thus, creating a safe place for DeFi projects and their users.

This collaboration is aimed to increase safety measures for top quality Polygon projects through Tidal Insurance. Projects need to meet certain criteria in terms of auditing, TVL, and other safety measures. Qualified projects will be awarded with a premium discount offering and MATIC incentives for their coverage providers.